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MBI Industrial Medicine 3328 N Litchfield Rd 6,060 SF Retail Building Goodyear, AZ 85395 $2,786,000 ($459.74/SF) 6% Cap Rate
Investment Highlights
- TOP GOODYEAR AZ RETAIL LOCATION
- TRIPLE NET LEASE WITH 3% ANNUAL RENT INCREASES
- PRICED AT A 6% INITIAL CAP RATE
- HIGH DEMAND 6,060 SF BUILDING IN PALM VALLY MARKETPLACE
- MULTI-SITE HEALTHCARE PROVIDER
Executive Summary
The subject is a single tenant investment property with a long term lease from health provider MBI Industrial Medicine. Our lease guaranty is from approximately 12 Arizona locations. The property consists of a freestanding 6,060 sf retail building on an out parcel in the Palm Valley Marketplace Shopping Center (Safeway Supermarket, Wells Fargo, Whataburger) The net lease runs through August 2033 with the tenant reimbursing for taxes, insurance, CAMs and AZ privilege tax. Landlord is responsible for roof and structure. The roof has just been resealed and will be sold with a 10 year manufacturer's warranty. The exterior of the building is currently being painted.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,060 SF
Building Class
B
Year Built/Renovated
1997/2023
Price
$2,786,000
Price Per SF
$459.74
Cap Rate
6%
NOI
$167,155
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.69 AC
Zoning
PAD, Goodyear
Parking
27 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
122’ on N Litchfield Rd Byp
Amenities
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- MBI Physical Therapy
- Health Care and Social Assistance
- 6,060 SF
- -
- Triple Net
- Aug 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| MBI Physical Therapy | Health Care and Social Assistance | 6,060 SF | - | Triple Net | Aug 2033 |
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 501-70-953 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $131,299 |
Property Taxes
Parcel Number
501-70-953
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$131,299
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Contact the Sale Advisor
MBI Industrial Medicine | 3328 N Litchfield Rd