Dental Practice with NNN
For Sale
Contact for pricing
Pending
1295 E Florence Blvd, Casa Grande, AZ 85122
Newly constructed 8-operatory dental practice offered with an existing NNN lease through November 2028.
Property Size4,667 SF
Days on Market730
Property Features for 1295 E Florence Blvd
General Information
Standard status
Pending
Size
4,667 SF
Property subtype
OFFICE
Zoning
B-2
Net Operating Income
$33,624
Additional Details
Furnished
Yes
Building Details
Tenancy
Single
Parking Ratio
6.5 per 1,000 SF
Owner Occupied
No
Listing Agency:
Menlo Group Commercial Real Estate
(480) 228-6137
Listed By:
Jason Triano
(480) 228-6137
Source:
Moodyscre
Added: Aug 8, 2024
Changed: Jul 29
Last Checked: Jul 29 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
A newly constructed dental practice built with 8 operatory treatment rooms, offered with included FF&E. The property is described as a versatile layout suited to both continued practice use and owner/user flexibility.
The building sits in Casa Grande at a busy intersection and includes parking at a 6.5 spaces per 1,000 square feet ratio. Zoning is listed as B-2.
This is a for-sale investment and owner/user opportunity under an NNN lease expiring November 2028, with two renewal options of 2.5 years each.
The building sits in Casa Grande at a busy intersection and includes parking at a 6.5 spaces per 1,000 square feet ratio. Zoning is listed as B-2.
This is a for-sale investment and owner/user opportunity under an NNN lease expiring November 2028, with two renewal options of 2.5 years each.
Key Highlights
- Newly constructed 8‑operatory dental practice offered with all FF&E included
- NNN lease in place expiring November 2028 with 2 and 5‑year renewal options
- Current NOI of $33,624.00
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,480
$1.3M
Cap Rate 7%
$919,629
$919.6K
Cap Rate 9%
$715,267
$715.3K
Market Conditions
NOI Build-Up for 4,667 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.6K $23.28/SF
− Vacancy
−$22.8K −$4.89/SF
EGI
$85.8K $18.39/SF
− OpEx
−$21.5K −$4.60/SF
NOI
$64.4K $13.79/SF
Area
Pinal County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,480
Cap Rate 7%
$919,629
Cap Rate 9%
$715,267
Alternative Uses
Best Use
Office B
$919.6K
$804.7K – $1.07M
NOI $64,374 @ 7.0% cap · market cap 3.60%
Second Best
Healthcare Medical
$763.0K
$667.6K – $890.1K
NOI $53,408 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,317 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85122, AZ
55,063
Population
24,238
Households
2.3
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
56.4 sq mi
ZIP Area
976
Density / Sq Mi
$64,243
Median Household Income
$38,679
Median Earnings
$1,289
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Small Animal Clinic, AAHA & AAFP Cat Friendly- Gold status — 615 N Peart Rd, Casa Grande, AZ 85122
- Thouvenelle Mari DVM — 615 N Peart Rd, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly constructed 8-operatory dental practice offered with an existing NNN lease through November 2028.
Where is this medical office space located?
The property is located at 1295 E Florence Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Newly constructed 8‑operatory dental practice offered with all FF&E included; NNN lease in place expiring November 2028 with 2 and 5‑year renewal options; Current NOI of $33,624.00
