4585 Ledge Rock Dr Johnstown, CO 80534

Property Details for 4585 Ledge Rock Dr

Year built

2024

Lot size

0.83 lot acres

Property size

4,200 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional investment opportunity presents a brand-new, 4,200 square foot Class A medical office building in Johnstown, Colorado. Located at 4585 Ledge Rock Dr, 80534, this single-tenant property is fully occupied by Heartland Dental, the largest dental support organization in the US, under a 10-year net-net lease commencing November 29, 2024, and expiring November 30, 2034. The lease includes three 5-year renewal options with 10% rent increases every five years, providing significant long-term income stability. The asking price is $3,266,667, representing a 5.85% cap rate and a price per square foot of $777.78. The property boasts a strong corporate guarantee from Heartland Dental, ensuring consistent rental income. Situated on a 0.83-acre lot within the burgeoning 200-acre Ledge Rock Center mixed-use development, this location benefits from high visibility and accessibility. The property enjoys excellent visibility from the high-traffic intersection of I-25 and US Highway 60 (97,800 vehicles per day), with prominent highway signage. The proximity to a newly opened Buc-ee's, a major retail destination, further enhances the property's value and attractiveness. Johnstown's rapid population growth, projected to increase by another 22% by 2028, ensures a strong and expanding market for this prime medical office space. This investment offers a compelling combination of a secure, long-term lease, a high-growth location, and a strong tenant with a national presence. The building was constructed in 2024. The property's NOI is $191,100.

Location Insight

City

Johnstown

County

Weld

State

Colorado

Longitude

-104.965

Latitude

40.3321