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Investment Highlights

  • Over 4 Years Remaining on Current Lease with Annual 3.0% Rental Increases
  • Single-Tenant Medical Office NNN Investment Opportunity
  • Prime Location Adjacent to Yavapai Regional Medical Center West Campus
  • Multiple Five-Year Renewal Options with Annual CPI Rent Adjustments
  • Long-Term Medical Practice Occupancy with Over 20 Years of Operating History
  • Recently Renovated Lobby and Building Exterior

Executive Summary

Single-Tenant NNN Investment Opportunity offered at $1,600,000 with an attractive going-in cap rate of 6.0%. This 4,331sf freestanding, single-story medical office building has recently undergone renovations to both the interior lobby and exterior façade, presenting a well-maintained and attractive investment opportunity. Originally constructed in 2000, the property has been owned and occupied by Women’s Medical Care for more than 20 years. The current lease term includes over four years remaining with annual 3.0% rental increases, along with multiple five-year renewal options featuring annual CPI-based rent adjustments. The property is ideally located adjacent to Yavapai Regional Medical Center West Campus within the heart of Prescott’s established medical office corridor. Situated on approximately ±0.42 acres of Business General zoned land, the property offers excellent accessibility and long-term medical office positioning. The functional medical office floor plan includes nine exam rooms with sinks, three provider offices, a practice manager’s office, nurse’s station, laboratory, spacious waiting room, multiple storage areas, two staff restrooms, two patient restrooms, and a kitchen/breakroom (see attached floor plan). The site provides 26 on-site parking spaces in addition to ample street parking. The property also benefits from monument signage with visibility along Division Street.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,331 SF
Building Class
A
Year Built
2001
Price
$1,600,000
Price Per SF
$369.43
Cap Rate
6%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,331 SF
Building FAR
0.24
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
BG - Business General
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
116-19-001D
Land Assessment
$197,691
Improvements Assessment
$948,760
Total Assessment
$1,146,451
  • Listing ID: 40652971

  • Date on Market: 5/24/2026

  • Last Updated:

  • Address: 1005 Division St, Prescott, AZ 86301

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