1114 Higley Rd Mesa, AZ 85206-3000

This exceptional investment opportunity presents a 15,686 square foot Class A medical office building located at 1114 S Higley Rd, Mesa, AZ 85206. The property, built in 2007 and renovated in 2023, sits on a 1.76-acre lot and offers ample parking (4.85 spaces per 1,000 sq ft). Currently 100% occupied by American Vision Partners under a single-tenant, net lease agreement with a corporate guarantee, providing significant financial stability. The lease structure is NNN (Net, Net, Net), minimizing landlord responsibilities. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $484,697 and a 6.50% cap rate. The asking price is $7,500,000, translating to a price per square foot of $478.13. The property is zoned C-2 and features a contemporary design, advanced diagnostic equipment, and spacious patient areas. Its strategic location offers high visibility and easy access from a major US highway, ensuring strong patient access. This is a rare opportunity to acquire a high-quality, single-tenant net-leased medical office building with a blue-chip tenant and a long-term lease extending into late 2033. The property's strong financials, prime location, and exceptional tenant make it an ideal addition to any investment portfolio. Parcel numbers are 140-53-567 and 140-53-568.