4585 Ledge Rock Dr, Johnstown, CO 80534

Property Details for 4585 Ledge Rock Dr

Year built

2024

Lot size

0.83 lot acres

Property type

Retail properties & Spaces

Property subtype

Office 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