Single-Tenant Office Medical
Village MD (Walgreens ) - New 10 Yr Lease
7445 W Bell Rd, Peoria, AZ 85382
Listing Price: $6,193,600
Investment Overview
Marcus & Millichap is pleased to present for sale, Village MD in Peoria, Arizona. Village MD is committed to offering high-quality, accessible primary care options for communities across the country through Village Medical. Village MD 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. Village MD 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 11th largest 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 Plus 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
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
Single-Tenant Office Medical
Village MD (Walgreens ) - New 10 Yr Lease
Listing Price: $6,193,600
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 Plus 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, Village MD in Peoria, Arizona. Village MD is committed to offering high-quality, accessible primary care options for communities across the country through Village Medical. Village MD 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. Village MD 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 11th largest 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
-
Ryan Sarbinoff
First Vice President/Regional Manager