560 N Stapley Dr - Medical FOR SALE


Mesa, AZ 85203- Central Mesa
$1,348,000 USD
310-709-8985
560 N Stapley Dr, Mesa, AZ for Sale
$1,348,000 USD
Medical - FOR SALE
1/6
null | 6% Cap Rate

560 N Stapley Dr
Mesa, AZ 85203
Central Mesa


HIGHLIGHTS

  • Long-Term Stability: ±9.5 years remaining on the lease with built in annual rent increases.
  • Personal Guaranty: Lease is personally guaranteed by the main dentist & practice owner, ensuring financial security.
  • High Quality Improvements: Recently renovated with state-of-the-art equipment and modern finishes, enhancing long term value.
  • Tenant’s current rent is below the market average, providing investors with strong tenant retention and built-in appreciation potential
  • 3rd Largest City in Arizona: 511,000+ residents and part of the Phoenix MSA, one of the fastest-growing metros in the U.S.
  • Home to TSMC’s $40B semiconductor plant, Meta’s new data center, and Novva’s $3B data campus, driving strong job growth and demand for prof. services

OVERVIEW

PROPERTY & LEASE HIGHLIGHTS • Established & Well Respected Practice - Christensen Family Dentistry is a highly regarded dental practice in Mesa, AZ, serving the community for years with a reputation for exceptional patient care. The lease is backed by a personal guaranty from the practice’s doctor owner, demonstrating strong commitment and financial reliability. • Recent Property Renovations - The property has undergone significant interior improvements within the past few years, featuring state-of-the-art equipment and modern finishes, ensuring long-term functionality and aesthetic appeal. • Top MSA (Phoenix Metro Area) - Mesa is the 3rd largest city in Arizona (511,000+ residents) and a key part of the Phoenix MSA, one of the fastest-growing metropolitan areas in the U.S., making it a prime location for healthcare investment. • Passive & True NNN Lease Structure - This NNN lease offers a hands-off investment opportunity, with minimal landlord responsibilities that are reimbursed by the tenant. • Inflationary Protected Lease - Lease Long Term Inflationary Protected Lease: Lease features 1.48% annual rental increases with ± 9.5 years remaining in the current term and 2, 5 year options as well, providing a landlord with long term security and a consistent hedge against inflation. • Low Rental Rate / SF: $24.12 – Below Market Rent - The lease at $24.12 per square foot is below market rates for comparable dental offices in Mesa, AZ. This reduces tenant turnover risk and enhances long term tenant stability at this location TENANT HIGHLIGHTS Long-term Commitment to Location - Dental practices, especially well-established general dentistry offices, rarely relocate due to the high cost of equipment, build-out expenses, and the need to retain existing patients. This ensures long-term stability at this location. • Highly Respected Local Dentist - The practice is well-known and trusted in the Mesa community, with a loyal patient base and strong word-of-mouth referrals. • Essential Healthcare Service - General dentistry is a recession-resistant industry, as routine dental care remains a necessity regardless of economic conditions. This makes the tenant a low-risk, stable investment. • Booming Dental Industry - The U.S. dental services industry is projected to grow from $154.96 billion in 2023 to $254.09 billion by 2032, at a 6.24% CAGR, reflecting increasing demand for dental care. LOCATION HIGHLIGHTS Rapid Expansion - Mesa is part of the Phoenix Metropolitan Area, one of the fastest-growing regions in the United States. This growth has led to increased demand for healthcare, housing, retail, and professional services. • Strategic Location - The property is conveniently located near both U.S. Route 60 and Loop 202, providing easy access to patients across Mesa and the greater Phoenix area. • Robust Demographics - Local demographics feature a population base of 331,388 people within a 5 mile radius, with average household incomes at $81,126. • Healthcare, Technology & Logistics Hub - Mesa is home to Banner Desert Medical Center (one of Arizona’s largest hospitals), Boeing, MD Helicopters, and Apple’s global command center. • Business Friendly Environment - Arizona continues to attract businesses due to its low taxes and pro-growth policies. Mesa’s continued residential and commercial expansion makes it an attractive location for long-term real estate investment.

FOR SALE DETAILS

PRICE

$1,348,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHRISTENSEN FAMILY DENTISTRY

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R-5, Mesa

APN/PARCEL ID

137-05-076,137-05-081

ASK ABOUT THIS PROPERTY

Daniel SolomonKidder MathewsMore Info
310-709-8985

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Daniel SolomonKidder MathewsMore Info
310-709-8985

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