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Single-Tenant Office Medical

VillageMD - Apache Junction, AZ

300 S Phelps Dr, Apache Junction, AZ 85120

Listing Price: $3,850,000

Cap Rate
5.30%
Tenant Name
VillageMD
Years Remaining On Lease
13.1
Guarantor
Local or Regional Franchisee
Rentable SF
6,054
Lease Type
Double Net
Rent Per Square Feet
$33.68

Investment Overview

Tenant Improvement Contribution over $150,000 Attractive Rental Increases of 2.5% Starting in 2024 Strategically Located Offering Access to Underserved Populations | Market Leading Provider for Value-Based Primary Care Operating Practice Acquired by VillageMD in 2021 Walgreens (NASDAQ: WBA) Holds Majority Stake in VillageMD | Over $6 Billion Invested Since 2020

Investment Highlights

  • 13 Years Remaining on Original 15 Year Lease
  • Remodeled to Tenants Specifications in 2020
  • Total Hard Cost of Renovation Over $800,000 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 - Apache Junction, AZ

Listing Price: $3,850,000

Cap Rate
5.30%
Tenant Name
VillageMD
Years Remaining On Lease
13.1
Guarantor
Local or Regional Franchisee
Rentable SF
6,054
Lease Type
Double Net
Rent Per Square Feet
$33.68

Investment Highlights

  • 13 Years Remaining on Original 15 Year Lease
  • Remodeled to Tenants Specifications in 2020
  • Total Hard Cost of Renovation Over $800,000 Including New Roof, HVAC Replacement and Parking Lot

Investment Overview

Tenant Improvement Contribution over $150,000 Attractive Rental Increases of 2.5% Starting in 2024 Strategically Located Offering Access to Underserved Populations | Market Leading Provider for Value-Based Primary Care 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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