2815 Iowa Dr Fort Collins, CO 80525-4798

This exceptional investment opportunity presents a meticulously maintained, 11,466-square-foot daycare center located at 2815 Iowa Drive, Fort Collins, Colorado 80525. Built in 2004, this single-tenant property is currently leased to Bright Horizons under an absolute NNN lease, providing a secure and passive income stream. The lease has a remaining term of 5.6 years, extending to June 30, 2030, with three 5-year renewal options. The property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $180,960 annually, representing a 6.35% cap rate. The asking price is $2,850,000, translating to $248.56 per square foot. Situated on a 1.3-acre lot, the property is zoned MMN and features a large dedicated parking area. Recent improvements include HVAC system replacement in 2022. This offering presents a compelling investment opportunity due to its strong tenant, long-term lease, and below-replacement-cost pricing, making it an attractive prospect for investors seeking stable returns and long-term growth. The property's prime location near the intersection of Timberline and Drake Roads further enhances its appeal.