1780 Anklam Rd Tucson, AZ 85745

Property Details for 1780 Anklam Rd

Year built

1986

Construction

FRAME

Lot size

1.71 lot acres

Property size

13,084 SF

Property type

Medical offices

Property subtype

Medical space

APN

116-15-190M

APU

11615190M

Description

This exceptional investment opportunity presents a 13,084-square-foot medical office building in Tucson, Arizona. Located on 1.71 acres, this single-tenant property boasts a 15-year net lease with DaVita, Inc., commencing November 30, 2019, and expiring November 30, 2034, leaving a substantial 10-year remaining lease term. The property, completely renovated in 2019, benefits from built-in rent bumps of 10% every five years, ensuring consistent income growth. The asking price is $3,437,118, representing a compelling 6.75% cap rate and a net operating income (NOI) of $232,005. The property enjoys a prime location on the campus of Carondelet Health Network's St. Mary's Hospital, a 400-bed facility, benefiting from high traffic volume on West Anklam Road (nearly 14,000 vehicles daily). The surrounding area is densely populated, with an average household income of $83,000 within a ten-mile radius. The lease is a standard DaVita form used across most of their 2,700 locations, offering a landlord-friendly structure with complete reimbursement and pass-through of ground rent costs. This investment offers significant tax advantages due to the leasehold interest allowing for 100% depreciation. The tenant, a leading operator in a recession-resistant industry, provides a strong guarantee and the lease lacks early termination or kick-out clauses. This is a rare opportunity to acquire a stable, high-performing asset with substantial long-term growth potential. The property was originally built in 1986.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-111.004

Latitude

32.2263

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments