Medical Office NNN
For Sale
Contact for pricing
20266 N Lake Pleasant Road, Peoria, AZ 85382
Absolute NNN-leased medical property with hard-corner positioning and daily exposure to 41,000+ vehicles, per remarks.
Property Size15,048 SF
Price / SF$267.96
Days on Market99
Property Features for 20266 N Lake Pleasant Road
General Information
Standard status
Active
Size
15,048 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$262,097
Building Details
Year Built
1999
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #3327646
(859) 581-1113
Source:
Crexi
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 28 at 5:51AM
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 Bang Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This sale offering presents a rare village medical location operated under an absolute NNN lease. The first option period has been exercised with no rental concessions, supporting a contractual structure designed for durable landlord cash flow. The property is described in the materials as having hard-corner positioning and strong daily exposure, with marketing noting traffic counts of 41,000+ vehicles.
The site is positioned near national retail and major employment activity, including Walmart Supercenter within 1 mile (as stated), and proximity to Banner Boswell Medical Center in Sun City (525 beds and 1,200+ employees per the remarks). The materials also cite nearby economic momentum tied to the Peoria Innovation Core and a $7B Amkor Semiconductor campus with 3,000 new jobs.
From a leasing and ownership standpoint, this is presented as a specialty medical investment with an absolute NNN framework and an emphasis on visibility and surrounding demand drivers referenced in the provided information.
The site is positioned near national retail and major employment activity, including Walmart Supercenter within 1 mile (as stated), and proximity to Banner Boswell Medical Center in Sun City (525 beds and 1,200+ employees per the remarks). The materials also cite nearby economic momentum tied to the Peoria Innovation Core and a $7B Amkor Semiconductor campus with 3,000 new jobs.
From a leasing and ownership standpoint, this is presented as a specialty medical investment with an absolute NNN framework and an emphasis on visibility and surrounding demand drivers referenced in the provided information.
Key Highlights
- Built in 1999
- Absolute NNN‑leased medical property
- Hard‑corner positioning on a 2+ acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,911
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,118,220
$4.1M
Cap Rate 7%
$2,941,586
$2.9M
Cap Rate 9%
$2,287,900
$2.3M
Market Conditions
NOI Build-Up for 15,048 SF
Gross rent
$379.2K $25.20/SF
− Vacancy
−$36.0K −$2.39/SF
EGI
$343.2K $22.81/SF
− OpEx
−$137.3K −$9.12/SF
NOI
$205.9K $13.68/SF
Area
Peoria, AZ
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,118,220
Cap Rate 7%
$2,941,586
Cap Rate 9%
$2,287,900
Alternative Uses
Best Use
Healthcare Medical
$2.94M
$2.57M – $3.43M
NOI $205,911 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,343 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
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Business Placement
Demographics for 85382, AZ
42,576
Population
19,796
Households
2.2
Avg Household Size
45
Median Age
38%
College-Educated
93%
High-School Grad
9.9 sq mi
ZIP Area
4,301
Density / Sq Mi
$93,387
Median Household Income
$53,864
Median Earnings
$1,875
Median Rent
$408,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Absolute NNN-leased medical property with hard-corner positioning and daily exposure to 41,000+ vehicles, per remarks.
Where is this medical center located?
The property is located at 20266 N Lake Pleasant Road Peoria, AZ.
What is the asking price?
The asking price for this property is $4,032,262.
What are key features of this property?
This property features: Built in 1999; Absolute NNN‑leased medical property; Hard‑corner positioning on a 2+ acre parcel
