4700 N 51St Ave, Unit 4 Phoenix, AZ 85031
Single-tenant medical property 100% occupied by MVP Kids Care.
Property size:
3,856 SFProperty Features for 4700 N 51St Ave
General Information
- Size
- 3,856 SF
Building Details
- Year built
- 1972
Source:
Svndesertcommercial
Listing Agent: Justin Horwitz, SIOR
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Phoenix Medical Investment Opportunity
This medical property is a single tenant triple net investment opportunity fully occupied by MVP Kids Care, an established pediatric medicine provider since 1962 with multiple locations. The tenant entered the current lease in August 2021 for 96 months, expiring in August 2029. The base rent is currently $70,592, with 2.5% annual increases every September. The lease is NNN, with the tenant responsible for all utilities and operating expenses, including reimbursing the landlord for operating expenses. The tenant has two options to renew the lease for five years each, at prevailing market rents. The property is located in Phoenix, AZ, on 51st Ave south of Camelback Rd, near Valleywise Health Emergency Department and close to the I-10, I-17, Loop 202, US 60, and Loop 101 Freeways. Grand Canyon University is also nearby. The property presents a potential value-add opportunity due to below-market rents when renewing the existing lease.
Location Intelligence
Current Use by Public Records
Arizona Womens Specialists
Obstetrician-Gynecologist
Ronald Morgan, DMD
Dentist
Megan Miller
Nurse Practitioner
Nahla Chirco, DNP, ...
Nurse Practitioner
MVP Kids Care
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1693321
- Latitude
- 33.5061956
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FAQs
What type of property is this?
Medical office - Single-tenant medical property 100% occupied by MVP Kids Care.
Where is this medical office located?
The property is located at 4700 N 51St Ave, Unit 4 Phoenix, AZ.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: - Single-tenant NNN lease with MVP Kids Care, a well-established medical tenant operating since 1962.; - Tenant responsible for all operating expenses, offering minimal landlord responsibilities.; - Below-market rents create a potential value-add opportunity upon lease renewal in 2029.