Kidney Center of Westminster
Office | 7.25% CAP | 17,935 SqFt
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire Kidney Center of Westminster, a mission-critical healthcare property strategically located between Denver and Boulder in the strong Denver metro submarket. Leased to Innovative Renal Care Clinic under a long-term corporate-guaranteed absolute net lease through first 60 months of the lease this investment offers stable, recession-resistant 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 and structure. Operating since 2008 at this location, the established tenant benefits from a loyal patient base and specialized infrastructure, supporting a high likelihood of lease renewal. Positioned in a dense population area with strong healthcare demand and established provider networks, this dialysis center serves an essential medical need with consistent patient utilization, making it a resilient asset for long-term investors.
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 2033 with Renewal Options: Approximately eight 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 and structure, 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 Denver Metro Submarket Location: Located in Westminster between Denver and Boulder, the property benefits from strong population density, healthcare service demand, and established regional provider networks.
High Likelihood of Renewal: The clinic has operated at this location since 2008 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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