2260 Orange Grv Rd Tucson, AZ 85741-3117

Property Details for 2260 Orange Grv Rd

Year built

2004

Construction

FRAME

Lot size

1.38 lot acres

Property size

9,065 SF

Property type

Medical offices

Property subtype

Medical space

APN

101-01-003M

APU

10101003M

Description

This exceptional investment opportunity presents a 9,065-square-foot medical office building in Tucson, Arizona. The property, built in 2004 and situated on a 1.38-acre lot at 2260 W Orange Grove Rd, 85741, is currently 100% occupied by United Urology under a triple-net (NNN) lease with a corporate guarantee. The lease commenced January 1, 2021, and has a remaining term of 6.3 years, extending to February 28, 2031, with two 3-year renewal options. The current annual base rent is $276,834, with a 2% annual increase effective January 1st of each year. The asking price is $4,095,440, representing a 7.50% capitalization rate and a price per square foot of $451.79. The property boasts a strong location in a medical corridor, less than one mile from Northwest Medical Center, a facility with over 253 staffed beds. Further enhancing the investment potential, the property has the potential for additional income from solar power, averaging approximately $2,400 per month in additional revenue. The tenant pays the buyer at the utility charge rate, and the buyer pays the excess power not covered by the solar panels. This presents a stable, high-yield investment with significant upside potential. The property is classified as Class B.