Listed by SRS Real Estate Partners Newport Beach
$8,348,000
Sandstone Care
Details
APN R0445269
Property Type Office
Sub Type Medical Office
Square Footage 30,391
Cap Rate 7%
NOI $584,388
Tenancy Single
Lease Type NN
Lease Term 13.5
Lease Expiration 09/30/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options 3 (5-year)
Price per SqFt $275
Year Built 2010
Stories 2
Acreage 1.360
Zoning Planned Development
Parking Spaces 26 spaces
Parking per 1,000 SqFt 0.86
Investment Type Net Lease
Lease Commencement 04/01/2025
Ownership Fee Simple (Land & Building Ownership)
Office | 7.00% CAP | 30,391 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, Sandstone Care investment opportunity located in Castle Rock, Colorado (Denver MSA). The tenant has over 12 years of firm term remaining and 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 3% annual increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Investment highlights
- Lease is guaranteed by the corporate entity, Sandstone Care Holdings, LLC
- 12 years of firm term remaining and 3 (5-year) options to extend
- The lease features 3% annual increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$584,388.00
$48,699.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
A-4-MR/PD-C PlannedMetzler Ranch Planned Development Fourth Amendment Commercial
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View all 63 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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