AFC Urgent Care Grand Junction,Colorado

$3,636,000
Closed Single-Tenant
Property type:Single-Tenant Net Lease

The space

  • Price: $3,636,000
  • Cap Rate: 5.50%
  • Rentable Square Feet: 3,693
  • Annual Rent: $200,000
  • Year Built: 2022
  • Lease Guarantor: Bloom Care, LLC
  • Lease Type: Triple Net (NNN)
  • Rent Increases: 10% Every 5 Years
  • 15 Years: 15 Years

Description

995 Independent Avenue
Grand Junction, CO 81505

Investment Highlights

  • New, 15-Year, Triple Net (NNN) Lease With Full Term Remaining
  • Brand New Construction, Recently Opened
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • AFC is the Nation’s Leading Provider of Urgent Care, Accessible Primary Care, and Occupational Medicine
  • More Than 250 Clinics and 800 In-Network Physicians Serving Over Six Million Patients Annually
  • Ranked by Inc. Magazine as One of the Fastest-Growing Companies in the U.S.
  • Population Over 87,800 Within Five Miles of the Property | Average Household Income is $74,185 in Five Miles
  • Excellent Access and Visibility to More Than 61,000 Vehicles Daily on U.S. Route 6, and Off Riverside Parkway | Located at the Busiest Retail Intersection in Western Colorado | 1.5 Miles from Mesa Mall, Anchored by Dillard’s, JCPenney and Target
  • Other Surrounding National Retailers Include Walmart Supercenter, The Home Depot, Lowe’s, Sam’s Club, Best Buy, Home Goods, Bed Bath & Beyond, T.J. Maxx, Kohl’s, Pet Smart, Petco, Ross, Old Navy, Outback Steakhouse, Olive Garden, Chick-fil-A, Chipotle, Taco Bell, McDonald’s, Bank of America, Wells Fargo, Advance Auto Parts, AutoZone and Many More

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new American Family Care Urgent Care located in Grand Junction, Colorado. This brand-new location features a 15-year, triple net (NNN) lease with full term remaining and three, five-year tenant renewal options. The lease offers 10 percent rent increases every five years throughout base term and option periods.

American Family Care is the nation’s leading provider of urgent care, accessible primary care, and occupational medicine with more than 250 clinics and 800 in-network physicians serving over six million patients annually. The company was ranked by Inc. Magazine as one of the fastest-growing companies in the U.S.

This property is located at the busiest retail intersection in western Colorado, with excellent access and visibility to more than 61,000 vehicles daily on U.S. Route 6, and off Riverside Parkway. The population is over 87,800 within five miles of the property with an average household income is $74,185 in five miles.

The property is only 1.5 miles from Mesa Mall, anchored by Dillard’s, JCPenney and Target. Other surrounding national retailers include Walmart Supercenter, The Home Depot, Lowe’s, Sam’s Club, Best Buy, Home Goods, Bed Bath & Beyond, T.J. Maxx, Kohl’s, Pet Smart, Petco, Ross, Old Navy, Outback Steakhouse, Olive Garden, Chick-fil-A, Chipotle, Taco Bell, McDonald’s, Bank of America, Wells Fargo, Advance Auto Parts, AutoZone and many more.


Adam Lewis
Broker of Record
P: (303) 328-2000
Lic #: ER.100091205

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