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15 Year NNN Lease | Medical Office, Class-A | Denver, CO | 2.00% Escalations

The Offering

CBRE is pleased to offer qualified investors the exceptional opportunity to acquire the 100% fee simple interest in a Class-A, state-of-the-art single-tenant medical office located in the rapidly growing market of Denver, Colorado. Currently under construction and scheduled for completion in Q4 2018, the 61,900-square foot build-to-suit facility will serve as an inpatient and outpatient residential treatment center for Eating Recovery Center.

The Tenant will be subject to a net lease for initial term of 15 years, set to commence upon substantial completion of construction. The Property features a Year-1 net operating income of $2.24 million and annual rental escalations of 2.00%. Structured as a net lease, ERC is responsible for costs and expenses incurred in operating, maintaining, repairing, replacing, and protecting the Property. Additionally, the Tenant is responsible for taxes and insurance.

Eating Recovery Center is an international center for eating disorders recovery providing comprehensive treatment. As the nation’s only health care system dedicated to the treatment of eating disorders at all levels of care, ERC employs a vertically integrated approach, treating all genders, ages and acuity levels. Headquartered in Denver, Colorado, the privately-owned company operates a network of more than 25 facilities in 10 metro areas, treating in excess of 3,500 patients (2016).

Investment Summary

Price – Unpriced
Year 1 NOI – $2,235,742
Tenant – Eating Recovery Center
Facility Size – 61900 SF
Lease Type – Absolute Triple Net
Rental Escalations – 2.00%
Initial Term – 15 years
Landlord Responsibility – Roof & Structure
Industry – Medical, Eating Disorder Treatment Service

Investment Highlights

  • Long-Term, Net Lease Structure
  • Class-A, Institutional Quality Medical Property
  • Highly Accessible, Amenity-Rich Location
  • Contractual Income Growth Via 2.00% Rental Escalations
  • Brand New, Build-to-Suit Construction, Q4 2018 Delivery
  • Exceptional Demographics in Rapidly Growing Market

Contact Information

Andrew Sandquist
Executive Vice President
+1 312 935 1922
andrew.sandquist@cbre.com
Chris Bodnar
Vice Chairman
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Vice Chairman
+1 404 504 5965
lee.asher@cbre.com

 

 

Jc Asensio
Vice President
+1 312 861 7823
jc.asensio@cbre.com

 

Ryan Lindsley
Senior Director
+1 404 504 5965
ryan.lindsley@cbre.com

 

Briggs Goldberg
Financial Analyst
+1 312 861 7877
briggs.goldberg@cbre.com

 

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