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29393407
29393408

1006 Centre Ave, Fort Collins, CO 80526

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$1,075,000
159 days on market
Updated 51 days ago

TOP U.S. DERMATOLOGY GROUP | RECENT LEASE EXTENSION

Details
Property Type Office, Retail
Sub Type Medical Office, Storefront
Square Footage 4,345
Cap Rate 7.16%
NOI $76,991
Tenancy Single
Brand/Tenant Advance Dermatology
Lease Type NN
Lease Expiration 05/31/2029
Remaining Term 2.9
Rent Bumps Yes
Class A
Year Built 1997
Acreage 0.130
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Office | 7.16% CAP | 4,345 SqFt

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310497/advance-dermatology

Investment highlights

  • Lease Features 3% Annual Rental Increases throughout the Initial Term and Options. Recent 5-Year Lease Extension and 10+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.

  • Positioned Along Area’s Major Medical, Retail and Traffic Corridor. Features Easy Access and Excellent Visibility - the Shields Street and Centre Avenue Intersection sees more than 34k Cars per Day.

  • Advanced Dermatology and Cosmetic Surgery is One of the Largest Dermatology Practices in the United States with more than 150 Locations Across 14 States.

  • UCHealth Poudre Valley Hospital, a Top-rated Regional Hospital, is less than 2 Miles away and Supports High Medical Traffic and Related Services.

  • Colorado State University is located Just 1.5 Miles away, with more than 35k Students and Staff Contributing to Daily Foot Traffic and Demand for Nearby Services.

  • Densely Populated and Affluent Area: Features an Average Household Income of more than $96k and over 172k People Residing within a 5-Mile Radius.

  • Fort Collins is Consistently Ranked Among the Top U.S. Cities for Quality of Life, Creating Long-term Value for Service Businesses Seeking Loyal Clientele.

  • The Property Sits in the Midtown Fort Collins District, a Rapidly Revitalizing Submarket seeing Major Reinvestment and Modern Commercial Developments. The Area includes Numerous Medical Clinics, Pharmacies, ER's and Dental Offices, positioning the Property within a Well-established Health and Wellness Corridor.

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$76,991.00
$6,415.92/mo

Valuation Metrics

0
DSCR
7.16%
Cap Rate
7.16%
ROI

Map

Zoning

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E SpecialEmployment District
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Adam Lewis
License
ER.100091205
Brokerage
Marcus & Millichap
Brokerage Phone
(303) 328-2000
Title
Broker of Record
Brokerage Address
1144 15th St., Suite 2150 Denver, CO 80202
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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