2802 S 6th Ave - Medical FOR SALE


Tucson, AZ 85713
$3,207,694 USD
949-270-8229
2802 S 6th Ave, Tucson, AZ for Sale
$3,207,694 USD
Medical - FOR SALE
1/8
null | 5.9% Cap Rate

2802 S 6th Ave
Tucson, AZ 85713


HIGHLIGHTS

  • Corporate Signed Leased | Over 5 Years Remaining | Established Tenant
  • Interstate 10 (149,000 VPD) | Tucson VA Medical Center (295 Beds) | Only 3 Miles From the University of Arizona (47,000 Students)
  • Arterial Thoroughfare | Strong National/Credit Tenants | Tucson International Airport (3.8M Passengers)
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, freestanding, corporate signed, Fresenius investment property located in Tucson, Arizona. The tenant, Bio-Medical Applications of Arizona LLC, recently extended their lease and has approximately 5 years remaining with 2 (5-year) options to extend remaining, demonstrating their long-term commitment to the site. The lease is NNN with landlord responsibilities limited to roof, structure, and parking lot, making it an ideal, low-management investment opportunity for a passive. Fresenius Kidney Care, a division of Fresenius Medical Care North America (FMCNA), provides dialysis treatment and support services to more than 200,000 people with kidney disease every year whether in their own homes or at more than 2,600 facilities nationwide. Fresenius has operated at this location for over 15 years and recently exercised one of their options to extend. Fresenius is located along South 6th Avenue (25,600 VPD), an arterial thoroughfare that serves the city of Tucson. Located in a dense retail corridor, Fresenius is within close proximity of multiple national/credit tenants including Costco, Walmart Supercenter, Food City, Goodwill, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site benefits from nearby direct on/off ramp access to interstate 10, the fourth-longest interstate in the United States which serves over 149,000 vehicles per day. Fresenius is strategically positioned less than 5-miles from Tucson International Airport, which reported 3.8 million passengers in 2019. Close proximity to the airport positions Fresenius within a highly traveled corridor that experiences a great deal of consumer traffic. Moreover, the asset is located less than a mile north of Tucson VA Medical Center, a 295 staffed bed medical center, providing a direct consumer base from which to draw. The 5-mile subject trade area is home to more than 254,000 residents and 154,000 daytime employees with an average household income of $61,000.

FOR SALE DETAILS

PRICE

$3,207,694 USD

PRICE/SF

$342 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius Medical Care (S&P: BBB) NNN Lease

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

SB2A

APN/PARCEL ID

119-02-123E

ASK ABOUT THIS PROPERTY

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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