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Community Medical Services 2940 E Main St 5,356 SF Office Building Mesa, AZ 85213 $1,852,900 ($345.95/SF) 7.25% Cap Rate
Investment Highlights
- • Triple Net Lease with Limited Landlord Responsibilities ? LL Only Responsible for Roof Repair Over $2,500 Annually
- • Backyard Location for Tenant in Home Market ? Community Health Centers is Headquartered in Phoenix, Arizona
- • Accessible Location on E Main Street with Ample Parking ? Average Daily Traffic Counts Exceeding 16,000+ VPD
- • Strong Historical Occupancy and Commitment from Tenant ? Tenant has Occupied for 7 Years
- • Growing Industry and Growing Tenant ? Community Health Centers has More Than 70 clinics Across Multiple States
- • Dense and Growing Population in Immediate Area ? Over One Million People in 10 Mile Radius with Projection for 2.6% Growth by 2030
Executive Summary
This investment opportunity features a triple net lease structure with limited landlord responsibilities, as the landlord is only responsible for roof repairs exceeding $2,500 annually. The property benefits from strong historical occupancy and a demonstrated commitment from the tenant, who has occupied the location for seven years. Serving as a backyard location within the tenant’s home market, the site is operated by Community Health Centers, an organization headquartered in Phoenix, Arizona. The tenant operates within a growing healthcare sector and continues to expand its presence, with more than 70 clinics located across multiple states. This location also serves as a feeder site for the nation’s first 24-hour Opioid Treatment on Demand (OTOD) Center in Phoenix, further supporting its role within the organization’s healthcare network.
Strategically positioned along E. Main Street, the property offers convenient access and ample on-site parking. The corridor experiences average daily traffic counts exceeding 16,000 vehicles per day, providing consistent visibility and accessibility for patients and visitors. The surrounding area is characterized by a dense and expanding population base, with more than one million residents within a 10-mile radius. Population projections indicate continued growth of approximately 2.6% by 2030, supporting long-term demand fundamentals for healthcare services in the market.
Strategically positioned along E. Main Street, the property offers convenient access and ample on-site parking. The corridor experiences average daily traffic counts exceeding 16,000 vehicles per day, providing consistent visibility and accessibility for patients and visitors. The surrounding area is characterized by a dense and expanding population base, with more than one million residents within a 10-mile radius. Population projections indicate continued growth of approximately 2.6% by 2030, supporting long-term demand fundamentals for healthcare services in the market.
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Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,356 SF
Building Class
B
Year Built
2019
Price
$1,852,900
Price Per SF
$345.95
Cap Rate
7.25%
NOI
$134,335
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,356 SF
Building FAR
0.06
Lot Size
1.98 AC
Zoning
C-2
Parking
39 Spaces (7.28 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 140-22-001Q | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $119,134 |
Property Taxes
Parcel Number
140-22-001Q
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$119,134
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