3120 Clearwater Dr, Prescott, AZ 86305-7131
This exceptional investment opportunity presents a single-tenant, Class A medical office building located at 3120 Clearwater Dr, Prescott, AZ 86305. The 4,493 square foot building, constructed in 2003, boasts a desirable location within the Crossings Commercial Subdivision. Currently 100% occupied by Dignity Health/YRMC under a Net Net Net (NNN) lease, the property offers a strong, stable income stream. The lease, with a remaining term of approximately five years, includes a five-year renewal option with a 3.0% annual rent increase, providing long-term security for the investor. The building features twelve exam rooms, two nurse stations, a business office bullpen, a manager's office, a spacious waiting room, reception area, kitchen/break room, three storage rooms, four restrooms, and a private outdoor patio. Ample parking is provided with 40 on-site spaces supplemented by street parking. The property's current cap rate is 6.74%, with a five-year average of 7.25%, representing a compelling return on investment. The property's APN is 106-49-006. This single-story building is in excellent condition and features high-quality tenant improvements and a functional floor plan, making it an ideal investment for discerning buyers seeking a stable, high-performing asset in a thriving Prescott, Arizona market.
-
Dr. Allen Gardner Medical Clinic
-
David P. Danowski, MD Physician
-
Nicholas H. Rice, MD Physician
-
Torres Anthony V MD Physician
-
Dignity Health, Yavapai Regional Medical Group, Internal Medicine Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.