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Fremont Plaza 3245 E Highway 50 13,721 SF 86% Leased Office Building Canon City, CO 81212 $3,656,793 CAD ($266.51 CAD/SF) 8.07% Cap Rate



Investment Highlights
- Brand-new roof installed in October 2023 plus over $80k in tenant improvements
- 1,931 SF of vacant space provides lease-up upside
- Two leases include 2% and 3% annual rent increases
- Centura/CommonSpirit recently signed a 5-year lease extension
- All three tenants have been at the property for 10+ years
- Located directly off Highway 50 with nearly 22,000 vehicles per day
Executive Summary
The tenant roster includes Centura Health, China Garden Restaurant, and American Medical Response. In addition to the in-place tenancy, the property includes 1,931 square feet of vacant space, offering lease-up potential. All three current tenants have occupied the property for more than 10 years and have indicated no plans to relocate. The weighted average lease term remaining is 3.9 years, and two of the leases contain 2% and 3% annual increases. Recent updates include a brand-new roof installed in October 2023, over $80,000 in tenant improvements, and a recent 5-year lease extension with Centura/CommonSpirit.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$295,211
|
$21.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $295,211 |
| Annual Per SF | $21.52 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
American Medical Response (AMR) is one of the largest medical transportation providers in the United States, offering emergency response, non-emergency transport, interfacility transfers, event medical coverage, and specialized life support services. Headquartered in Greenwood Village, Colorado, the company was founded in 1992 and expanded rapidly through mergers, notably becoming the largest U.S. ambulance service following its 1997 merger with Med Trans. The organization provides both ground medical response and disaster support, along with clinical training programs including CPR, ACLS, PALS, and ITLS. AMR is part of the Global Medical Response (GMR) network, enabling integrated emergency and specialty care services on a national scale. The Greenwood Village headquarters manages administration, operations, and national service coordination.
At CommonSpirit Health, they passionately care for the most vulnerable, relentlessly innovate how and where healing can happen and believe in uniting to benefit the common good. Their expansive network spans diverse communities, uniquely positioning them to meet their changing needs, improve population health and help chart the path to health equity. Their mission, vision and values inform every aspect of their work each day and remind them that they serve their patients, their families, their communities – and each other. Their community health, research and home health programs help them address the primary barriers to healthier communities.
- China Garden
- Accommodation and Food Services
- 2,400 SF
- $29.02 CAD
- Double Net
- Jul 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Health Care and Social Assistance | 4,400 SF | $24.30 CAD | Double Net | Sep 2029 | |
|
Health Care and Social Assistance | 4,990 SF | $24.87 CAD | Double Net | Apr 2031 | |
| China Garden | Accommodation and Food Services | 2,400 SF | $29.02 CAD | Double Net | Jul 2028 |
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Fremont Plaza | 3245 E Highway 50
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