20440 N 27th Ave - Retail FOR SALE


Phoenix, AZ 85027- Deer Valley
$3,243,664 USD
513-300-0763
20440 N 27th Ave, Phoenix, AZ for Sale
$3,243,664 USD
Retail - FOR SALE
1/1
null | 6.25% Cap Rate

20440 N 27th Ave
Phoenix, AZ 85027
Deer Valley


HIGHLIGHTS

  • Single Tenant NNN Lease to Scottsdale Healthcare Hospitals with ± 2.5 Years Remaining
  • The property is currently under Triple Net (NNN) Lease (via expense recapture from tenant) with minimal landlord responsibilities.
  • Scottsdale Healthcare Hospitals dba HonorHealth – Fitch Rated “A+” Organization
  • HonorHealths longterm A+ rating reflects its ability to maintain profitability and unrestricted liquidity at levels consistent with the current rating
  • Large ± 1.4 Acre Lot with Future Upside Potential
  • The property features an oversized 1.4 Acre parcel, zoned C2, with a possibility to add an additional 9,000 SF of improvements.

OVERVIEW

Single-Tenant HonorHealth (Operated by N.O.A.H) in Phoenix, Arizona BANG Realty is pleased to present this free-standing, ±6,732 SF property, net leased to Neighborhood Outreach Access to Health with a guaranty from Scottsdale Healthcare Hospitals, dba as HonorHealth. The site features a large ± 1.4 Acre parcel with a possibility for future expansion, which the tenant has expressed interest in (call Broker for more details). Located in the Deer Valley community of Northern Phoenix, the location features easy access to Interstate 17 & Loop 101. Dubbed the N.O.A.H Venado Valley Health Center, this location was opened by N.O.A.H in 2017 and is home to Family Medicine, Internal Medicine, Pediatric Care, Behavioral Health, Nutrition, and Community Resources. With outstanding providers and a conveniently located state-of-the-art health center, NOAH Venado Valley Health Center addresses each patient’s path to wellness. The original 10-year, triple net lease has approximately 4 years of primary term remaining and two 5-year options to extend. The lease is also subject to annual 2.5% rental increases, a strong hedge against inflation. The lease guarantor HonorHealth boasts large presence throughout the Valley of the Sun. HonorHealth is a non-profit health system serving an area of 1.6 million people in the greater Phoenix, Arizona area. The network encompasses five acute care hospitals, an extensive medical group, outpatient surgery centers, a cancer center, clinical research, medical education, two foundations and community services with approximately 10,500 employees, 3,700 affiliated physicians and 3,100 volunteers.

FOR SALE DETAILS

PRICE

$3,243,664 USD

PRICE/SF

$482 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Honorhealth (N.O.A.H.)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

CROSS STREETS

W Runion Dr

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-2

APN/PARCEL ID

206-08-004P

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.