6166 W Alameda Avenue

BLURIVER Commercial Advisors is pleased to present this prime investment opportunity: the purchase of a fee simple interest in a single-tenant medical clinic located in Lakewood, Colorado. This well-maintained property encompasses a 7,768-square-foot medical facility on a generous 1.53-acre lot. Built in 1974 and renovated in 2007, the clinic is strategically situated on West Alameda Avenue—a bustling corridor with over 33,000 vehicles passing by daily. The location benefits from a dense population exceeding 458,000 residents within a five-mile radius, boasting an average household income close to $91,000. The tenant, Innovative Renal Care (IRC), has established a long-standing presence at this location since 2007, underscoring their commitment to serving the Lakewood community and surrounding areas. They have recently signed a new lease effective July 1, 2023, extending for five years with two additional five-year renewal options, signaling potential occupancy well into the future. Starting at an annual rent of $170,896, the lease includes a 2% annual rent increase, ensuring consistent growth in rental income. The lease is structured as NNN (Triple Net), significantly reducing landlord obligations to only the roof materials, thereby enhancing the property's appeal as a low- maintenance investment. This asset offers investors a stable income stream backed by a reputable medical tenant in a high -demand market. Its prime location, strong tenant history, and favorable lease terms make it an excellent addition to any investment portfolio.

Listing Office: BluRiver Real Estate