Medical/Office - 10Year ABS NNN - 5.48% CAP Investment 9150 W Indian School Rd, Bldg 5, Phoenix, AZ 85037 Parcel Code: 102-18-801 Price: $$3,457,200 Building Size: 5,262 Sqft Building Type: Medical Office Year Built: 2005 Zoning: C-1 The lease is an Absolute Triple-Net (NNN) lease with AMIS LLC as the tenant, guaranteed by a personal guarantee from an individual with an estimated $40M net worth. The lease term is 10 years, commencing on October 1st, 2025, and expiring on September 30th, 2035. It includes 3% annual rental increases and renewal options for 5 or 10 years. Both roof and structure responsibilities fall under the HOA/Tenant. The annualized operating data shows a consistent increase in annual rent and cap rate over the 10-year lease term, starting at $189,432 (5.48% cap rate) in Year 1 and reaching $247,166 (7.15% cap rate) by Year 10. The base rent net and operating income are both $189,432, with a total return of 5.48% or $189,432 Property Highlights: - Turnkey Medical Buildout: Fully built-out medical office space featuring 14 provider rooms and 4 restrooms, ideal for immediate occupancy. - Single-Story Layout: Easy ground-level access, perfect for patients and clients. - Class B Construction: Professionally maintained with modern finishes and amenities. - Ample Parking: Generous surface parking including covered spaces, ensuring convenience for staff and visitors. - Excellent Visibility & Accessibility: Prominent frontage on W Indian School Rd, with seamless access to Loop 101 and surrounding arterial roads. - Signage Opportunities: Building and monument signage available to enhance tenant visibility and branding. Thriving Tenant Mix: Surrounded by complementary medical and professional tenants, supporting strong referral networks. Investment Highlights: - A 10-year Absolute Triple Net (NNN) Lease. - 3% annual rental escalations. - Significant capital investment in specialized medical buildout and infrastructure. - A strategic location along Indian School Road in Phoenix's West Valley. - A dense trade area characterized by strong population growth and household income. - Excellent visibility with arterial access and potential for prominent building/monument signage. - Surrounded by established residential neighborhoods and expanding developments. Demographics and Location Overview: The location benefits from strong demographics. Within a 1-mile radius, the projected population for 2029 is 21,657, with an estimated 19,674 in 2024, showing a 10.08% growth. Average household income for 2024 is estimated at $65,552 within 1 mile. Similar growth and income trends are observed in 3-mile and 5-mile radii. The property's location offers proximity to several key amenities and transportation hubs: - 6.5 miles to Wigwam Golf Club. - 3.6 miles to Desert Sky Mall. - 8.2 miles to Grand Canyon University. - 17.4 miles to Phoenix Sky Harbor International Airport. It is situated just east of Loop 101 and a short drive from Interstate 10, providing connectivity to Downtown Phoenix, Glendale, and Goodyear. The surrounding area includes a mix of medical, office, and retail users, with convenient access to services like QuikTrip, Starbucks, and various healthcare providers.