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Fresenius Kidney Care 11540 E University Dr 14,370 SF 81% Leased Retail Building Apache Junction, AZ 85120 $3,441,900 ($239.52/SF) 7% Cap Rate

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Investment Highlights

  • Fresenius Kidney Care anchors 80% of the ±14,370 SF medical office on a NNN lease with 2% annual rent increases through May 2031.
  • Offered at $3,441,900 with a 7.00% cap rate and $240,933 NOI, providing stable in-place income and long-term demand.
  • Fresenius Medical Care is the world’s largest dialysis provider with investment grade credit and 2,600+ U.S. clinics.
  • Value add opportunity with two vacant medical suites totaling ±2,800 SF, offering upside through lease-up and NOI growth.
  • Located on ±2.78 acres in Apache Junction, AZ, within the fast-growing Phoenix East Valley corridor with strong senior demographics.
  • Landlord-friendly NNN lease structure with limited responsibilities and predictable income from a nationally recognized healthcare tenant.

Executive Summary

Broker of Record
David Harrington
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,370 SF
Building Class
B
Year Built
2005
Price
$3,441,900
Price Per SF
$239.52
Cap Rate
7%
NOI
$240,933
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.78 AC
Zoning
C-2 - Commercial
Parking
91 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
317’ on N Meridian Rd

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Jan 0000

Fresenius Kidney Care is part of Fresenius Medical Care, a global provider of dialysis products and services headquartered in Bad Homburg, Germany. The broader Fresenius organization traces its roots to 1966, when Fresenius expanded its work in dialysis technology, and Fresenius Medical Care was formally established in 1996 following a merger of dialysis businesses. Fresenius Kidney Care focuses on supporting individuals with chronic kidney disease through dialysis treatment options, including home and in-center therapies, as well as kidney health education and related patient resources. The company is privately held through its parent structure under Fresenius Medical Care and ultimately Fresenius SE & Co. KGaA. Its operations form part of an international network offering dialysis services across multiple countries. Fresenius Kidney Care operates within a larger framework of healthcare services that includes dialysis centers, care delivery programs, and technological solutions designed for long-term kidney treatment.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 101
  • 1,630 SF
  • Office/Retail
  • -
  • Now

White box condition

  • 112
  • 1,170 SF
  • Office
  • -
  • Now

Office build out

Space Size Space Use Position Available
101 1,630 SF Office/Retail - Now
112 1,170 SF Office - Now

101

Size
1,630 SF
Space Use
Office/Retail
Position
-
Available
Now

112

Size
1,170 SF
Space Use
Office
Position
-
Available
Now

101

Size 1,630 SF
Space Use Office/Retail
Position -
Available Now

White box condition

112

Size 1,170 SF
Space Use Office
Position -
Available Now

Office build out

Nearby Major Retailers

Safeway
U.S. Bank
Bank of America
Planet Fitness
Starbucks

Property Taxes

Property Taxes

Parcel Number
220-11-001U
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$270,480
  • Listing ID: 39587887

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 11540 E University Dr, Apache Junction, AZ 85120

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