Medical/Office Investment Opportunity – 6% CAP Rate | ?? 10-Year ABS NNN Investment
11323 W Bell Road, Surprise, AZ 85378
Sale Price: $3,722,400
Building Size: ±6,204 SF
Lot Size: 0.57 Acres
APN: 200-13-018T
Executive Summary:
The property is a medical/office flagship situated in a vibrant commercial corridor, offering exceptional visibility in the fast-growing Northwest Valley. It is anchored by a well-established medical group focusing on outpatient and elective care.
Year Built: 2004
Lease Type: Absolute Triple-Net (NNN) Lease
Tenant: AMIS LLC, with a personal guarantee (~$40M Net Worth)
Lease Term: 10 years, commencing October 1, 2025, and expiring September 30, 2035.
Rental Increases: 3% annually.
Renewal Options: 5, 10-year options.
The annualized operating data shows a steady increase in annual rent and cap rate over the 10-year lease term, starting at $223,344.00 (6.00% cap rate) in Year 1 and reaching $282,143.00 (7.83% cap rate) in Year 10.
Key Property Highlights:
The property offers exceptional accessibility and proximity to key regional destinations. Bell Road is a primary east-west artery connecting Sun City, Surprise, and Peoria, attracting significant retail, dining, and healthcare activity.
Proximity to Amenities:
- 1.5 miles from Coyote Lakes Golf Club.
- 4.4 miles from Arrowhead Marketplace, a major commercial hub.
- 9.2 miles from Midwestern University, a cornerstone for healthcare and education.
- 32.5 miles from Phoenix Sky Harbor International Airport.
- Regional Anchors: Near Banner Del E. Webb Medical Center, Surprise Recreation Campus & Stadium, and master-planned communities of Sun City and Sun City Grand.
- Connectivity: Direct access to Loop 303 and U.S. 60 (Grand Avenue).
Why Invest Here?
This offering represents a rare opportunity to acquire a well-located, income-producing asset in one of the West Valley’s fastest-growing areas. Its flexible layout, stable investment profile, and strategic location provide the perfect foundation for long-term stability and appreciation.
Call us today at 480-323-6072 for more information!
The property boasts several key investment highlights:
_ 10-Year Absolute Triple Net (NNN) Lease: Provides a stable income stream with minimal landlord responsibilities.
_ 3% Annual Rental Escalations: Ensures consistent growth in rental income.
_ Tenant Investment: The tenant has invested significant capital in specialized medical buildout and infrastructure.
_ Strategic Location: Positioned along Bell Road, a major commercial corridor, offering excellent visibility and arterial access.
_ Dense Trade Area: Characterized by strong population growth and household income.
_ Surrounded by Developments: Located within established residential neighborhoods and expanding developments.