Net Leased Single Tenant Veterinary Office Property in Denver, CO Sold

The Boulder Group completed the sale of a single tenant Gentle Touch Animal Hospital property located at 8941 E Hampden Avenue in Denver, CO for $2,511,000. The Boulder Group’s Jimmy Goodman, Zach Wright, and Brandon Wright represented the seller in the transaction. The seller was a Northeast-based real estate investment company and the purchaser was a local all-cash 1031 exchange investor.

The Gentle Touch Animal Hospital property is strategically located along East Hampden Avenue and within a densely populated area. There are approximately 140,000 people that live within three miles of the property.

The property features a long-term lease to Southern Veterinary Partners, a veterinarian-owned and managed network of animal hospitals with over 400 hospitals and over 9,000 employees. The lease features no landlord responsibilities and 2% annual rental increases.

“Veterinary properties with long-term triple net leases and annual rental escalations are increasingly drawing interest from private investors, particularly those in 1031 exchanges. These properties often have strong unit-level financials and lower price points,” stated Zach Wright, Vice President.

“The Boulder Group’s proven national platform continues to yield favorable results for our clients. This off-market transaction is just another example of our expertise,” added Jimmy Goodman, Partner.

“Well-located single tenant properties in Colorado command strong interest from net lease investors and are trading for aggressive cap rates,” said Brandon Wright, Associate.

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