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27336696
27336697

17575 Green Valley Ranch Blvd, Denver, CO 80249

AD
CA CA 02037030
Matthews
RC
CA CA 01986299
Matthews
MM
CA CA 01982943
Matthews
TS
CA 02238285
Matthews
Listed by Matthews
$2,944,425
48 days on market
Updated 48 days ago

CareNow Urgent Care | 10 Yr NNN | Credit Rated | Denver, CO

Details
Property Type Office, Retail
Sub Type Medical Office, QSR/Fast Food (+1)
Square Footage 3,569
Cap Rate 6.03%
NOI $177,666
Occupancy 100%
Tenancy Single
Brand/Tenant CareNow Urgent Care, HCA Health System
Lease Type NNN
Lease Term 10.1
Lease Expiration 01/31/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options Four, 5-Year Options
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.550
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/06/2025
Ground Lease No
Ownership Fee Simple

Booming Development (1,000+ New Units within .5 Miles) | HCA Health System | 7.21% Avg Cap Rate

Marketing description

Matthews™ Healthcare Division is pleased to offer qualified investors a high-quality opportunity to acquire a single-tenant urgent care facility in Denver, CO. The tenant, CareNow Urgent Care affiliated with HCA HealthONE, is part of the HCA Health (S&P: BBB-) hospital network that includes over 190 hospitals and 2,400 ambulatory care sites across 20 states.

Beyond the hospital credit tenancy, this CareNow, is at the center of booming development in Denver, CO, surrounded by dozens of new construction retail and residential developments. The location sits directly in front of The Reserves at Green Valley Ranch (216 Units) and Millenium Green Valley Ranch (312 units) apartment complexes, both built within the last 3 years alone. There are over 1,000+ residential units built within only a 0.5 mile radius of the asset, with hundreds more planned for 2026.

The property, built in 2025, benefits from direct visibility on Green Valley Ranch Rd, constantly driving traffic to and from the asset --- this is an ideal setting for urgent care success. Just last year, Costco completed a 150,000+ SF development less than 1-mile from the asset, serving as an anchor to this main retail trade area. The tenant executed a brand new 10-year NNN lease earlier this year, creating an ideal opportunity for any buyer looking for a long-term stable investment, leased to a credit-rated tenant at a premier location.


Investment highlights

  • CareNow Urgent Care | 225+ Locations | HCA Healthcare System | Credit Rated – CareNow Urgent Care is affiliated with HCA HealthONE, part of the HCA Health (S&P: BBB-) hospital network that includes over 190 hospitals and 2,400 ambulatory care sites across 20 states in the U.S. and the U.K.. CareNow is proud to be part of the less than 20% of urgent care centers in the country that receive a unique UCA accreditation. The tenant’s hospital affiliation and backing can provide an investor comfort in the security of the asset for the long term.

  • New 10 Year NNN Lease | 10% Rental Increases – The new NNN lease structure offers a passive investment opportunity for both local and national investors. The tenant is responsible for taxes, insurance and maintenance, with landlord responsibilities limited to roof and structure. The lease also features 10% rental increases every 5 years, providing an investor with a hedge against inflation and scheduled boosts in cash flow throughout the life of the lease.

  • Synergistic Location | 2025 Top Quality Construction | Favorable Asset Class – The location is fitted with utmost quality construction (completed early 2025) and is positioned along Green Valley Ranch Blvd, seeing over 25K+ VPD. The immediate retail corridor is anchored by a host of national and credit level tenants, including Costco, Natural Grocers, Starbucks, Raising Cane’s, Popeye’s, 7-11, Dunkin’, Starbucks, McDonald’s, Valvoline , Dutch Bro’s and many more. This generates direct visibility of the asset, crucial to the success for outpatient healthcare facilities like an urgent care that relies and brand awareness and walk-in business. Beyond the class-A build out, ownership reaps the benefits of a healthcare tenancy and further layer of security, as urgent care facilities rarely relocate due to the difficulty of retaining the same presence in a new location, and the high cost of moving

  • Booming Development | 1,000+ New Construction Units in 0.5 Mile Radius – The property is at the center of booming development in Denver, CO, surrounded by dozens of new construction retail and residential developments. The location sites directly in front of The Reserves at Green Valley Ranch (216 Units) and Millenium Green Valley Ranch (312 units) apartment complexes, both built within the last 3 years alone. There are over 1,000+ residential units built within only a 0.5 mile radius of the asset, with hundreds more planned for 2026. This provides immediate proximity to thousands of residents and built-in customer traffic- ideal for service-based businesses seeking a dense and growing customer base.

  • Denver, CO MSA | Robust Demographics | Affluent Area | Significant Immediate Growth – This dense Denver Submarket is home to over 185,000 residents in 5-mile radius of the property. The overall Denver–Aurora–Lakewood MSA is a major, rapidly evolving metro. As of 2023, the population neared 3 million, with projections pointing toward 3.6 million by 2030. The average household income is over $100,000 in a 1 mile radius of the property.

  • Favorable Depreciation – Given the heavy build out at this facility, this opportunity offers investors the ability to capture more favorable depreciation advantages through a cost
    segregation study. (*Investors to confirm with their own CPA)

Listing Contacts

AD
CA CA 02037030
Matthews
RC
CA CA 01986299
Matthews
MM
CA CA 01982943
Matthews
TS
CA 02238285
Matthews
Listed by Matthews

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$177,666.00
$14,805.50/mo

Valuation Metrics

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DSCR
6.03%
Cap Rate
6.03%
ROI

Map

Zoning

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C-MU-30 MixedMixed UseCommercial Mixed Use District
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Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Brayden Conner
License
EC.100099522 (CO)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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