Kidney Center of Lakewood
Office | 7.50% CAP
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire Kidney Center of Lakewood, a mission-critical healthcare property strategically located in the heart of Lakewood along the W. Alameda Avenue corridor. Leased to Innovative Renal Care Clinic under a long-term corporate-guaranteed absolute net lease through 2028, this investment offers stable income with built-in 2% annual rent escalations. The property features minimal landlord responsibilities, with the tenant covering taxes, insurance, parking, and utilities, while the landlord is responsible only for the roof. Operating since 2007 at this central location, the established tenant benefits from a loyal patient base and specialized infrastructure, supporting a high likelihood of lease renewal. Positioned near Belmar, major residential neighborhoods, and key medical and civic facilities, this dialysis center serves an essential medical need with consistent patient demand, making it a resilient asset within a stable, mature Denver metro submarket.
Investment highlights
Long-Term Corporate-Guaranteed Lease: The property is leased to Innovative Renal Care Clinic (IRC) with a corporate guarantee, providing a stable and reliable income stream.
Built-In Rent Growth: The lease includes 2% annual rent escalations, offering consistent and predictable NOI growth over the remaining lease term.
Lease Term Through 2028 with Renewal Options: Approximately three years of remaining term with two (2) five-year renewal options, supporting long-term occupancy stability.
Absolute Net Lease with Minimal Landlord Responsibilities: The tenant is responsible for taxes, insurance, parking, and utilities, with the landlord responsible only for the roof, resulting in very low ongoing management requirements.
Mission-Critical Healthcare Use: Dialysis centers provide essential medical care with patients requiring treatment multiple times per week, greatly reducing the likelihood of relocation.
Strong, Central Lakewood Location: Located in the heart of Lakewood along the W. Alameda Avenue corridor, the property benefits from close proximity to Belmar, major residential neighborhoods, and established medical and civic facilities. This central location supports consistent patient access and long-term demand within a stable, mature Denver metro submarket.
High Likelihood of Renewal: The clinic has operated at this location since 2007 and has an established patient base and specialized infrastructure. The operational investment and patient continuity needs make relocation unlikely, supporting the probability of renewal at lease maturity.
Recession-Resistant Operating Profile: Growing prevalence of chronic kidney disease and ESRD supports stable long-term demand and utilization, independent of broader economic cycles.
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