1780 W Anklam Rd - Medical FOR SALE


Tucson, AZ 85745- Ward 1
$3,437,118 USD
773-727-4285
1780 W Anklam Rd, Tucson, AZ for Sale
$3,437,118 USD
Medical - FOR SALE
1/11
null | 6.75% Cap Rate

1780 W Anklam Rd
Tucson, AZ 85745
Ward 1


HIGHLIGHTS

  • On-Campus of the 400-Bed St. Mary's Hospital
  • No Early Termination or Kick-Out Clause
  • Leading Operator & Strong Guarantee in a Growing Industry Insulated from Macroeconomic Changes
  • Renovated & Modernized with 30+ Year History at Location
  • Long-Term, Passive Lease with Rent Growth | Leasehold Interest – 100% Depreciation
  • Densely Populated Area

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest land and ownership of a building used as a single-tenant medical clinic located in Tucson, Arizona (the “Property”). The Property consists of 1.71 acres and a 13,084-square-foot medical clinic that was completely renovated and modernized by the Tenant in conjunction with this long-term lease extension. The Property is located along West Anklam Road where almost 14,000 vehicles pass each day and it is located on the campus of Carondelet Health Network's St. Mary's Hospital. There are approximately 593,000 in population in the ten-mile radius with $83,000 in average household income. The Tenant recently completed a comprehensive remodel of the Property and Tenant has occupied and operated this location successfully since 1986. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,700 locations, a highly passive net lease that is landlord friendly and includes complete reimbursement and pass-through of the cost of the ground rent. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years. BJ Feller - Arizona Managing Broker - AZ Lic. #BR685825000

FOR SALE DETAILS

PRICE

$3,437,118 USD

PRICE/SF

$263 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita, Inc.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

O-3, Tucson

APN/PARCEL ID

116-15-190M

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

BJ FellerNorthmarqMore Info
773-727-4285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.