3493 S Mercy Rd
Gilbert, AZ 85297
THE MEDICAL PLAZA AT SPECTRUM, BUILDING 15 · Office Property For Sale

Avison Young has been retained as the Exclusive Representative to sell this +/-4,337 SF medical condo. Leased to Banner Medical Group for their Banner Children' s Health Clinic, this 5-year lease commenced September 1, 2016 with a starting rental rate of $19.50 NNN and annual 3% increases. The lease is a NNN lease and all operating expenses are pass-through to the Tenant. Banner has the right to early terminate the Lease at any time after the 36th month. This termination right shall be subject to Tenant providing Landlord with six months' prior written notice. In the event Tenant exercises its right to early terminate, Tenant shall pay a termination penalty equal to 6 months' Rent at the rate in effect at the time of termination. An investor/landlord would have full 12 months paid rent from notice to re-lease of the suite. The Medical Plaza at Spectrum is exceptionally located across the street from Dignity Mercy Gilbert Medical Center in Gilbert, Arizona. The Property has been meticulously maintained both on the exterior and interior and provides an investor with a single tenant NNN investment with a high credit tenant in a well-located area. Mercy Gilbert Medical Center, south of Loop 202 at Val Vista Drive and Mercy Road. Meticulously maintained exterior and interior property.