Single-Tenant Office Medical
VillageMD - Tempe, AZ
5015 S Arizona Mills Cir, Tempe, AZ 85282
Listing Price: $8,250,000
Investment Overview
Tenant Improvement Contribution over $100,000 Attractive Rental Increases Throughout Term 8% In Year Four | 2.5% Annually Thereafter Dense Infill Location | 5 Mile Population: 300,000+ Outparcel to Arizona Mills Mall | Simon Property Group Operating Practice Acquired by VillageMD in 2021 Walgreens (NASDAQ: WBA) Holds Majority Stake in VillageMD | Over $6 Billion Invested Since 2020
Listing Price: $8,250,000
Investment Highlights
- New 15 Year Lease | Est. Commencement June 2022
- Remodeled to Tenants Specifications in 2022
- Total Hard Cost of Renovation Over $1.8MM Including New Roof, HVAC Replacement and Parking Lot
Investment Overview
Tenant Improvement Contribution over $100,000 Attractive Rental Increases Throughout Term 8% In Year Four | 2.5% Annually Thereafter Dense Infill Location | 5 Mile Population: 300,000+ Outparcel to Arizona Mills Mall | Simon Property Group Operating Practice Acquired by VillageMD in 2021 Walgreens (NASDAQ: WBA) Holds Majority Stake in VillageMD | Over $6 Billion Invested Since 2020
