Bright Horizons
11,466 SF | Retail Building | Fort Collins, CO 80525 | $2,850,000 ($249/SF) | 6.35% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,850,000
- Property Type
-
Retail
- Square Feet
- 11,466 SF
- Price / Square Foot
- $249
Listing Contacts
Nate Heckel
Verified Profile
Tyler Murray
Verified Profile
Ty Mashek
Verified Profile
- Property Info
Property Overview
Discover a lucrative investment in this meticulously maintained 11,466-square-foot daycare center, constructed in 2004. The property boasts a long-term tenant, Bright Horizons, under an absolute NNN lease with over 6 years remaining and three 5-year extension options. Currently yielding $180,960 annually, this opportunity is priced significantly below replacement cost—a smart choice for savvy investors seeking stable returns and long-term growth.
Property Details
- Class
- B
- Year Built
- 2004
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 86,249 SF
Highlights
- Strong current tenant with long-term absolute NNN lease in place including escalations and extensions
- Significantly below replacement cost
- High-value building with hardwood floors, lots of SF, HVAC replaced in 2022, and a large, dedicated parking lot on site
- Strong location near intersection of Timberline & Drake Roads in Fort Collins
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