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Fremont Plaza 3245 E Highway 50

13,721 SF 100% Leased Office Building Canon City, CO 81212 $2,852,443 ($208/SF) 8.35% Cap Rate

INVESTMENT HIGHLIGHTS

  • Brand New Roof - Installed October 2023 and over $80,000 in tenant improvements
  • Long-Term Tenants - All three tenants have 10+ year history at site
  • Strong Location - Directly off Highway 50 (22,000 VPD)
  • Value-Add Opportunity - 1,931 SF of vacant space and low market vacancy
  • Rent Growth - 2-3% annual rent increases during base terms and options
  • Growing Area - 3.83% population growth since 2020

EXECUTIVE SUMMARY

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a multi-tenant property located in Cañon City, Colorado.
The Property consists of 1.57 acres and a one story, 13,721 square foot building that was built in 2003. Located directly off of US Highway 50, the subject Property sees nearly 22,000 vehicles per day and is surrounded by a mix of national and local tenants.
The Tenants include Centura Health, China Garden Restaurant, and American Medical Response. The Property has 1,931 vacant space, providing the Purchaser a great Value-Add opportunity. All three Tenants have been long-term occupants at the subject Property with no plans to leave, and a weighted average lease term remaining of 3.9 years. Each Lease contains strong annual increases.
BJ Feller - CO Lic. #EA.100088654

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,721 SF
Building Class
B
Year Built
2003
Price
$2,852,443
Price Per SF
$208
Cap Rate
8.35%
NOI
$238,179
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,721 SF
Building FAR
0.20
Lot Size
1.57 AC
Opportunity Zone
Yes
Parking
87 Spaces (6.34 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • $16.32
  • Triple Net
  • Aug 2014

American Medical Response (AMR) is a leading provider of emergency medical services (EMS), delivering quality pre-hospital healthcare to thousands of communities across the United States. Their teams of highly trained and dedicated medical professionals’ partner with large and small hospital systems, counties and municipalities to ensure patients receive the right level of care, right when they need it. AMR is the flagship ground ambulance solution of Global Medical Response, giving us access to vast resources on both a national and local level. They operate a fleet of many ground ambulances and support vehicles equipped for 911 emergency services or interfacility transports—including basic life support, advanced life support and critical care capabilities—that extend hospital-level care out into the community.

  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • Nov 2020

Formed in 2019 through the alignment of Catholic Health Initiatives (CHI) and Dignity Health, CommonSpirit® is one of the largest nonprofit health systems in the U.S., with more than 1,000 care sites in over 20 states coast to coast, serving 20 million patients in big cities and small towns across America. More than ever, the world needs compassion. Communities need caring and families need support. To meet these challenges, CommonSpirit Health® is committed to building healthy communities by advocating for those who are poor and vulnerable, and innovating how and where healing can happen.

  • China Garden
  • Accommodation and Food Services
  • -
  • -
  • -
  • Jul 2018
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - $16.32 Triple Net Aug 2014
Health Care and Social Assistance - - Triple Net Nov 2020
China Garden Accommodation and Food Services - - - Jul 2018

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000098104096
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$361,306
  • Listing ID: 34925322

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 3245 E Highway 50, Canon City, CO 81212

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