Property summary
This fee-simple investment opportunity presents a 13,618-square-foot medical office building in Mesa, Arizona, currently leased to SOAR Autism Center under a 10-year net lease commencing May 1, 2025, and expiring April 30, 2035. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $333,732. Built in 1999 and renovated in 2025, the building benefits from a prime location within a thriving medical corridor, close to major healthcare facilities like Banner Baywood Medical Hospital and Ironwood Cancer Center. The lease includes attractive 3% annual rent bumps, providing inflation protection, and features two 5-year renewal options. The property is situated in a high-density area with affluent demographics, boasting an average household income exceeding $92,000 within a three-mile radius. This single-tenant, net-lease investment offers passive income generation and significant long-term growth potential within the high-demand autism/behavioral health industry. The asking price is $4,768,000. Additional parking lot income further enhances the property's financial performance.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
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Physician Medical Clinic
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Medical Clinic
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-G · Mesa, AZZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C-G in Mesa, AZ.
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