Single-Tenant Office Medical
Village Medical | 10-Year NNN Lease | 2.5% Annual Increases
300 S Phelps Dr, Apache Junction, AZ 85120
Listing Price: $3,570,000
Investment Overview
-10 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 and Parking Lot
-Tenant Improvement Contribution over $150,000
-Annual 2.5% Rental Increases
-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
Village Medical | 10-Year NNN Lease | 2.5% Annual Increases
Investment Highlights
- 10 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 and Parking Lot Tenant Improvement Contribution over $150,000
- Annual 2.5% Rental Increases
- 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
Single-Tenant Office Medical
Village Medical | 10-Year NNN Lease | 2.5% Annual Increases
Listing Price: $3,570,000
Investment Highlights
- 10 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 and Parking Lot Tenant Improvement Contribution over $150,000
- Annual 2.5% Rental Increases
- 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 Overview
-10 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 and Parking Lot -Tenant Improvement Contribution over $150,000 -Annual 2.5% Rental Increases -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
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