5103 N 19th Ave - Medical FOR SALE


Phoenix, AZ 85015- Midtown Phoenix | 
$2,009,314 USD
602-600-5585
5103 N 19th Ave, Phoenix, AZ for Sale
$2,009,314 USD
Medical - FOR SALE
1/6
null | 7% Cap Rate

5103 N 19th Ave
Phoenix, AZ 85015
Midtown Phoenix


HIGHLIGHTS

  • Single-tenant veterinary clinic secured by a NNN lease structure.
  • Lease term extends through July 2031.
  • Annual 3% rental increases provide built-in income growth.
  • Tenant holds two additional five-year renewal options.
  • Located near Camelback Road within Midtown Phoenix.
  • Convenient access to Valley Metro light rail, I-17, and SR-51.

OVERVIEW

5103 North 19th Avenue presents an opportunity to acquire a single-tenant net leased veterinary clinic in the established Midtown Phoenix submarket. The property is occupied by an operating veterinary practice under a long-term NNN lease that extends through July 2031, providing investors with contractual rental income and limited landlord responsibilities. The lease structure includes annual rent escalations, creating built-in income growth throughout the remaining primary term. Located along the 19th Avenue corridor near Camelback Road, the property benefits from a central infill location surrounded by established residential neighborhoods, multifamily housing, healthcare facilities, educational institutions, and retail amenities. The area's connectivity is supported by major transportation corridors, Valley Metro light rail access, and proximity to I-17 and SR-51, providing convenient access throughout the Phoenix metropolitan area. Nearby demand drivers include Phoenix Children's Hospital, Banner University Medical Center, Grand Canyon University, Phoenix College, Downtown Phoenix, and the Camelback Corridor. The property's location within a mature commercial corridor supports the tenant's long-standing operation and provides visibility along a heavily traveled roadway. Annual rental increases contribute to future revenue growth, while the tenant's renewal options offer potential for extended occupancy beyond the current lease term. The combination of an established operating business, long-term lease commitment, contractual rent growth, and a centrally located Phoenix asset positions the property as a net leased investment opportunity for buyers seeking predictable cash flow within a major Southwest market.

FOR SALE DETAILS

PRICE

$2,009,314 USD

PRICE/SF

$790 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,413 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

156-37-002C

ASK ABOUT THIS PROPERTY

Jazz DeolORION Investment Real EstateMore Info
602-600-5585

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Jazz DeolORION Investment Real EstateMore Info
602-600-5585

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