Overview
Matthews™ Healthcare Division is pleased to offer qualified investors a high quality opportunity to acquire a single-tenant urgent care facility in Denver, CO. The tenant, CareNow Urgent Care affiliated with HCA HealthONE, is part of the HCA Health (S&P: BBB-) hospital network that includes over 190 hospitals and 2,400 ambulatory care sites across 20 states.
Beyond the hospital credit tenancy, this CareNow, is at the center of booming development in Denver, CO, surrounded by dozens of new construction retail and residential developments. The location sits directly in front of The Reserves at Green Valley Ranch (216 Units) and Millenium Green Valley Ranch (312 units) apartment complexes, both built within the last 3 years alone. There are over 1,000+ residential units built within only a 0.5 mile radius of the asset, with hundreds more planned for 2026.
The property, built in 2025, benefits from direct visibility on Green Valley Ranch Rd, constantly driving traffic to and from the asset --- this is an ideal setting for urgent care success. Just last year, Costco completed a 150,000+ SF development less than 1-mile from the asset, serving as an anchor to this main retail trade area. The tenant executed a brand new 10-year NNN lease earlier this year, creating an ideal opportunity for any buyer looking for a long term stable investment, leased to a credit rated tenant at a premier location.
Investment Highlights
- CareNow Urgent Care | 225+ Locations | HCA Healthcare System | Credit Rated – CareNow Urgent Care is affiliated with HCA HealthONE, part of the HCA Health (S&P: BBB-) hospital network that includes over 190 hospitals and 2,400 ambulatory care sites across 20 states in the U.S. and the U.K.. CareNow is proud to be part of the less than 20% of urgent care centers in the country that receive a unique UCA accreditation. The tenant’s hospital affiliation and backing can provide an investor comfort in the security of the asset for the long term.
- New 10 Year NNN Lease | 10% Rental Increases – The new NNN lease structure offers a passive investment opportunity for both local and national investors. The tenant is responsible for taxes, insurance and maintenance, with landlord responsibilities limited to roof and structure. The lease also features 10% rental increases every 5 years, providing an investor with a hedge against inflation and scheduled boosts in cash flow throughout the life of the lease.
- Synergistic Location | 2025 Top Quality Construction | Favorable Asset Class – The location is fitted with utmost quality construction (completed early 2025) and is positioned along Green Valley Ranch Blvd, seeing over 25K+ VPD. The immediate retail corridor is anchored by a host of national and credit level tenants, including Costco, Natural Grocers, Starbucks, Raising Cane’s, Popeye’s, 7-11, Dunkin’, Starbucks, McDonald’s, Valvoline , Dutch Bro’s and many more. This generates direct visibility of the asset, crucial to the success for outpatient healthcare facilities like an urgent care that relies and brand awareness and walk-in business. Beyond the class-A build out, ownership reaps the benefits of a healthcare tenancy and further layer of security, as urgent care facilities rarely relocate due to the difficulty of retaining the same presence in a new location, and the high cost of moving
- Booming Development | 1,000+ New Construction Units in 0.5 Mile Radius – The property is at the center of booming development in Denver, CO, surrounded by dozens of new construction retail and residential developments. The location sites directly in front of The Reserves at Green Valley Ranch (216 Units) and Millenium Green Valley Ranch (312 units) apartment complexes, both built within the last 3 years alone. There are over 1,000+ residential units built within only a 0.5 mile radius of the asset, with hundreds more planned for 2026. This provides immediate proximity to thousands of residents and built-in customer traffic- ideal for service-based businesses seeking a dense and growing customer base.
- Denver, CO MSA | Robust Demographics | Affluent Area | Significant Immediate Growth – This dense Denver Submarket is home to over 185,000 residents in 5-mile radius of the property. The overall Denver–Aurora–Lakewood MSA is a major, rapidly evolving metro. As of 2023, the population neared 3 million, with projections pointing toward 3.6 million by 2030. The average household income is over $100,000 in a 1 mile radius of the property.
- Favorable Depreciation – Given the heavy build out at this facility, this opportunity offers investors the ability to capture more favorable depreciation advantages through a cost segregation study. (*Investors to confirm with their own CPA)
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