4566 N 1St Ave Tucson, AZ 85718

This NNN leased medical condominium is available for sale at 4566 North 1st Avenue in Tucson, Arizona. The single-tenant medical office provides approximately 3,487 square feet of space on a 0.24-acre lot. The space is currently leased to SimonMed. The building includes two physician offices, a breakroom, a reception/walking area, a mammography room, an ultrasound room, a DEXA room, a dark room, a dressing room, two bathrooms, a filing room, a manager's office, a tech room, a viewing room, and two exam rooms. The property is located near the intersection of North 1st Avenue and East River Road in north-central Tucson, adjacent to “The Loop,” which provides ease of access. The original lease commenced on June 19, 2019, for a term of 10 years. The lease is scheduled to expire on June 30, 2029, and features three percent annual increases. The current net operating income is $99,927.84. The property represents an upscale medical office opportunity near the Tucson Foothills, with a significant capital investment from the tenant into the facility.