Renovated Hospital with NNN
For Sale
Contact for pricing
Pending
515 N Mesa Dr, Mesa, AZ 85201
Long-term occupancy is supported by a 15-year lease with three five-year extension options.
Property Size40,000 SF
Days on Market142
Property Features for 515 N Mesa Dr
General Information
Standard status
Pending
Size
40,000 SF
Property subtype
Hospitality
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Tenancy
Single
Listing Agency:
City to City Commercial
(480) 355-2222
Listed By:
Chris Benjamin · License #AZ BR034762000
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:40AM
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 City to City Commercial
Investment Insights
Based on property information with market context.
This approximately 40,000-square-foot hospital was originally built in 1985 and has undergone a comprehensive renovation. Improvements include a fully repainted exterior, resurfaced parking areas, and updated interior finishes. The property has operated as KPC Promise Hospital of Phoenix since March 2019.
A long-term lease was signed in July 2021 for an initial 15-year term, with three five-year extension options and annual increases. The NNN structure provides a defined lease framework for the ownership. Located at 515 N Mesa Dr in Mesa, Arizona, the hospital is positioned near multiple freeways and within 17 miles of three airports.
A long-term lease was signed in July 2021 for an initial 15-year term, with three five-year extension options and annual increases. The NNN structure provides a defined lease framework for the ownership. Located at 515 N Mesa Dr in Mesa, Arizona, the hospital is positioned near multiple freeways and within 17 miles of three airports.
Key Highlights
- Approximately 40,000 SQFT hospital facility
- Renovated exterior, parking areas, and interior spaces
- Originally constructed in 1985
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hospital - Long-term occupancy is supported by a 15-year lease with three five-year extension options.
Where is this hospital located?
The property is located at 515 N Mesa Dr Mesa, AZ.
What are key features of this property?
This property features: Approximately 40,000 SQFT hospital facility; Renovated exterior, parking areas, and interior spaces; Originally constructed in 1985
