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Single-Tenant Office Medical

Village MD (Walgreens Owned) - New 10 Yr Lease

7445 W Bell Rd, Peoria, AZ 85382

Listing Price: $6,784,000

Cap Rate
5.25%
Tenant Name
VILLAGEMD of Arizona LLC
Years Remaining On Lease
10.2
Gross SF
8,094
Guarantor
Corporate Guarantee
Rentable SF
8,094
Price/Gross SF
$838.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.00

Investment Overview

Marcus & Millichap is pleased to present for sale, VillageMD in Peoria, Arizona. VillageMD is committed to offering high-quality, accessible primary care options for communities across the country through Village Medical. VillageMD partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes, while reducing the total cost of care. The Village Medical brand provides value-based primary care for patients at traditional free-standing practices, Village Medical at Walgreens practices, at home and via virtual visits. VillageMD and Village Medical have grown to 22 markets and are responsible for more than 1.6 million patients. Located about 30 minutes northwest of downtown Phoenix, Peoria began as a humble agricultural community and has blossomed into a rapidly-growing modern city that offers a high quality of living in the natural beauty of the Sonoran Desert. The city has an estimated population of 175,961 people. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation's 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Investment Highlights

  • Brand New 10-Year Triple-Net (NNN) Lease with Corporate Guaranty
  • Strong Lease Guarantor - Over 340 Locations and Growing with $5.2 Billion Invested by Walgreens in 2021
  • Across from Arrowhead Towne Center - 170+ Brands, Restaurants, and Anchored - the Number One Highest Volume Regional Mall in Arizona
  • 10 Percent Rental Increases Every Five Years
  • 313,090 Residents within a Five-Mile Radius - Growing Peoria Trade Area in the Phoenix MSA
  • Subject Property Includes 15 Exam Rooms
  • Situated Along the Dense Bell Road Retail Corridor - Major Tenants Include Target, Walmart, Living Spaces, The Home Depot, and Nordstrom Rack
  • Excellent Visibility and Accessibility Along Bell Road - More Than 69,000 Cars per Day at the Corner of Bell Road and 75th Avenue

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Single-Tenant Office Medical

Village MD (Walgreens Owned) - New 10 Yr Lease

Listing Price: $6,784,000

Cap Rate
5.25%
Tenant Name
VILLAGEMD of Arizona LLC
Years Remaining On Lease
10.2
Gross SF
8,094
Guarantor
Corporate Guarantee
Rentable SF
8,094
Price/Gross SF
$838.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.00

Investment Highlights

  • Brand New 10-Year Triple-Net (NNN) Lease with Corporate Guaranty
  • Strong Lease Guarantor - Over 340 Locations and Growing with $5.2 Billion Invested by Walgreens in 2021
  • Across from Arrowhead Towne Center - 170+ Brands, Restaurants, and Anchored - the Number One Highest Volume Regional Mall in Arizona
  • 10 Percent Rental Increases Every Five Years
  • 313,090 Residents within a Five-Mile Radius - Growing Peoria Trade Area in the Phoenix MSA
  • Subject Property Includes 15 Exam Rooms
  • Situated Along the Dense Bell Road Retail Corridor - Major Tenants Include Target, Walmart, Living Spaces, The Home Depot, and Nordstrom Rack
  • Excellent Visibility and Accessibility Along Bell Road - More Than 69,000 Cars per Day at the Corner of Bell Road and 75th Avenue

Investment Overview

Marcus & Millichap is pleased to present for sale, VillageMD in Peoria, Arizona. VillageMD is committed to offering high-quality, accessible primary care options for communities across the country through Village Medical. VillageMD partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes, while reducing the total cost of care. The Village Medical brand provides value-based primary care for patients at traditional free-standing practices, Village Medical at Walgreens practices, at home and via virtual visits. VillageMD and Village Medical have grown to 22 markets and are responsible for more than 1.6 million patients. Located about 30 minutes northwest of downtown Phoenix, Peoria began as a humble agricultural community and has blossomed into a rapidly-growing modern city that offers a high quality of living in the natural beauty of the Sonoran Desert. The city has an estimated population of 175,961 people. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation's 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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