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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

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 improved with a one-story, 13,721 square foot building that was built in 2003. Located directly off US Highway 50, the property benefits from visibility to nearly 22,000 vehicles per day and is surrounded by a mix of national and local tenants.
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

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,721 SF
Building Class
B
Year Built
2003
Price
$3,656,793 CAD
Price Per SF
$266.51 CAD
Cap Rate
8.07%
NOI
$295,211 CAD
Percent Leased
86%
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
  • 4,400 SF
  • $24.30 CAD
  • Double Net
  • Sep 2029

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.

  • Health Care and Social Assistance
  • 4,990 SF
  • $24.87 CAD
  • Double Net
  • Apr 2031

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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
  • Listing ID: 41336177

  • Date on Market: 2026-07-17

  • Last Updated:

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

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