7445 Bell Rd Peoria, AZ 85382-4831
This exceptional investment opportunity presents a 8,094 square foot medical office building in Peoria, Arizona, boasting a 7.15% cap rate and a strong 9-year remaining lease term (expiring 11/30/2033) with Village Medical, a reputable national healthcare provider. The property, built in 1999 and renovated in 2023, features 15 exam rooms and sits on a 0.74-acre lot in a prime location along the busy Bell Road retail corridor, directly across from Arrowhead Towne Center, Arizona's highest-volume regional mall. The NNN lease includes a corporate guarantee and built-in rent increases of 10% every five years, providing significant long-term value. With a Net Operating Income (NOI) of $356,136 and 100% occupancy, this asset offers a secure and attractive return. The property benefits from excellent visibility and accessibility, with over 69,000 cars passing daily at the intersection of Bell Road and 75th Avenue. The Peoria trade area, within a five-mile radius, has a population of 313,090 residents. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a thriving market.
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Village Medical Medical Clinic
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Robert West, MD Medical Clinic
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Doctor's Office Medical Clinic
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Russian Hair Salon
Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" commercial development, it is intended that each development be contiguous and limited in scale. The C-2 districts should generally be restricte…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-2 · Peoria, AZIntermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" commercial development, it is intended that each development be contiguous and limited in scale. The C-2 districts should generally be restricted to the intersection of major arterial streets while providing one-mile separation from other non- adjacent commercial districts. The regulations and development standards are designed to preserve adjacent residential amenities and to prohibit encroachment by more intensive commercial uses. F.
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.