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Single-Tenant Office Medical

VillageMD - Tempe, AZ

5015 S Arizona Mills Cir, Tempe, AZ 85282

Listing Price: $8,250,000

Cap Rate
5.41%
Tenant Name
VillageMD
Years Remaining On Lease
13.0
Guarantor
Local or Regional Franchisee
Rentable SF
7,425
Lease Type
Double Net
Rent Per Square Feet
$60.11

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

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

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Single-Tenant Office Medical

VillageMD - Tempe, AZ

Listing Price: $8,250,000

Cap Rate
5.41%
Tenant Name
VillageMD
Years Remaining On Lease
13.0
Guarantor
Local or Regional Franchisee
Rentable SF
7,425
Lease Type
Double Net
Rent Per Square Feet
$60.11

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

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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