Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the SOAR Autism Center property located in Mesa, AZ (“The Property”). The Property consists of a 13,618-square-foot freestanding healthcare clinic. The Property is leased by SOAR Health Inc., doing business as SOAR Autism Center (“SOAR”). In October 2024, SOAR signed a brand new 10-year net lease featuring rare, three (3%) percent annual rental increases throughout the base and option terms, providing a significant hedge against inflation. See Lease Abstract for full details.
The Property represents an excellent acquisition opportunity in the primary medical corridor of Mesa, AZ near two major healthcare facilities: Banner Baywood Medical Hospital (342 beds) and Ironwood Cancer Center & Research, both only one mile from the Property. Additionally, the Property is located in a dense, affluent area with 113k residents and average household income levels of more than $92k/year within three miles of the Property.
SOAR Autism Center was founded in 2021 in Denver, Colorado by Jennifer and Ian Goldstein, a husband and wife team with backgrounds in public education and medicine. In their previous professions, they frequently heard from providers and families about the need for better, developmentally appropriate autism care for young children. As parents of young children, they empathized deeply with families navigating this challenge. Determined to address this challenge, they set out to create better support systems for these children and their families.