2933 W Cactus Rd - Medical FOR SALE


Phoenix, AZ 85029- North Mountain
$1,250,000 USD
480-214-9414
2933 W Cactus Rd, Phoenix, AZ for Sale
$1,250,000 USD
Medical - FOR SALE
1/15
null | 6.62% Cap Rate

2933 W Cactus Rd
Phoenix, AZ 85029
North Mountain


HIGHLIGHTS

  • Single tenant triple net lease with no landlord responsibilities
  • Annual 3.0% rent increases with 8+ remaining years on the lease
  • High visibility property one block from I-17
  • The tenant purchased the existing successful practice from a retiring dentist
  • High quality building with the interior remodeled in 2024
  • Additional .435 acre pad is available separately for $331,660

OVERVIEW

The subject property is a freestanding dental building that was built in 2002. The building is leased to Modern Smiles who bought the dental practice from the seller in January 2024 when he decided to retire. The purchase of the practice ensures a strong commitment to the property. The triple net lease with no landlord responsibilities provides the owner with a passive investment. The annual rent increases ensure income growth and appreciation. The lease term has over 8 years remaining on an original 10 year lease. The property is located just off Interstate 17 making it easy for patients to get to the property. The high quality, modern building offers excellent visibility and access from Cactus Road.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$403 USD /SF

CAP RATE

6.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Modern Smiles Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,867 SF

ZONING

R-O

APN/PARCEL ID

149-20-169

ASK ABOUT THIS PROPERTY

Mark ReinRein & GrossoehmeMore Info
480-214-9414

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Mark ReinRein & GrossoehmeMore Info
480-214-9414

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