Medical Office NNN
20266 N Lake Pleasant Road Peoria, AZ 85382
For Sale
Contact for pricing
Absolute NNN-leased medical property with hard-corner positioning and daily exposure to 41,000+ vehicles, per remarks.
Property Size15,048 SF
Price / SF$258.04
Days on Market8
Property Features for 20266 N Lake Pleasant Road
General Information
Standard status
Active
Size
15,048 SF
Property subtype
Retail
Building Details
Year Built
1999
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #701472
Source:
Crexi
Added: Jul 22
Changed: Jul 28
Last Checked: Jul 28 at 2:34PM
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
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $379.2k | $25.20 |
| − Vacancy | −$36.0k | −$2.39 |
| EGI | $343.2k | $22.81 |
| − OpEx | −$137.3k | −$9.12 |
| NOI | $205.9k | $13.68 |
15,048 SF · lease $25.20/SF/yr · vacancy 9.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.94M
$2.57M – $3.43M
NOI $205,911 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,343 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $3,882,920.
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
