Single-Tenant NNN Medical
For Sale
$656,000
14811 W Bell Rd. #103, Surprise, AZ 85374
Medical occupancy is supported by an absolute NNN lease with no landlord responsibilities.
Property Size1,473 SF
Days on Market27
Property Features for 14811 W Bell Rd. #103
General Information
Standard status
Active
Size
1,473 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,473 SF
Tenancy
Single
Listed By:
Justin Horwitz, SIOR
(480) 220-2674
Source:
Svndesertcommercial
Added: Sep 11
Changed: Sep 27
Last Checked: Oct 5 at 5:27PM
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 Justin Horwitz, SIOR
Investment Insights
Based on property information with market context.
This single-tenant medical property is occupied by Advanced Pain Management under an absolute NNN lease. The lease runs through January 2035 and includes 3% annual rent increases, while landlord responsibilities are excluded under the lease structure.
The property is located at 14811 W. Bell Rd. #103 in Surprise, Arizona. Advanced Pain Management has operated for over 15 years and maintains 8 locations throughout Greater Phoenix and Tucson. Four locations are being offered individually or together as a portfolio, providing flexibility in evaluating the available assets.
The property is located at 14811 W. Bell Rd. #103 in Surprise, Arizona. Advanced Pain Management has operated for over 15 years and maintains 8 locations throughout Greater Phoenix and Tucson. Four locations are being offered individually or together as a portfolio, providing flexibility in evaluating the available assets.
Key Highlights
- Absolute NNN lease extending through January 2035
- 3% annual rent increases
- Zero landlord responsibilities under the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,232
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,640
$424.6K
Cap Rate 7%
$303,314
$303.3K
Cap Rate 9%
$235,911
$235.9K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$38.9K $26.40/SF
− Vacancy
−$10.6K −$7.18/SF
EGI
$28.3K $19.22/SF
− OpEx
−$7.1K −$4.80/SF
NOI
$21.2K $14.41/SF
Area
Surprise, AZ
Vacancy
27.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,640
Cap Rate 7%
$303,314
Cap Rate 9%
$235,911
Alternative Uses
Best Use
Office B
$303.3K
$265.4K – $353.9K
NOI $21,232 @ 7.0% cap · market cap 3.24%
Second Best
Healthcare Medical
$284.8K
$249.2K – $332.2K
NOI $19,933 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,798 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Explore this area
Business Placement
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Medical occupancy is supported by an absolute NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 14811 W Bell Rd. #103 Surprise, AZ.
What is the asking price?
The asking price for this property is $656,000.
What are key features of this property?
This property features: Absolute NNN lease extending through January 2035; 3% annual rent increases; Zero landlord responsibilities under the lease
