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Single-Tenant Office Medical

Unhooked Recovery | Brand New 10-Yr Absolute NNN Lease Extension

215 S Power Rd, Mesa, AZ 85206

Listing Price: $9,600,000

Cap Rate
8.00%
Tenant Name
Residents at The Heights, LLC
Years Remaining On Lease
10.0
Gross SF
48,765
Guarantor
No Guarantee
Rentable SF
48,765
Price/Gross SF
$196.86
Lease Type
Absolute Net
Rent Per Square Feet
$15.75

Investment Overview

Unhooked Recovery is a residential alcohol and substance abuse treatment provider with one inpatient location serving the East Valley and an outpatient clinic. The subject property offers 100 inpatient beds and 13 detox units. Unhooked Recovery assists patients in developing individualized treatment plans that are tailored to meet the needs of men and women looking to break the chains of addiction.

Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University.

Investment Highlights

  • Absolute NNN Lease - Tenant Recently Executed a 10.5-Year Lease Extension, Showing Commitment to the Site
  • 2.5 Percent Annual Rental Increases with Multiple Renewal Options
  • 48,765-Square-Foot Licensed Inpatient Behavioral Health Facility in the Phoenix MSA
  • Adjacent to Banner Baywood Medical Center, a 345-Bed Hospital, and 4.5 Miles from Banner Gateway Medical Center
  • 281,588 Residents within a Five-Mile Radius in Dense Mesa Infill
  • Less than Two Miles Off the US-60 Freeway (182,00-Plus Cars per Day)
  • Easily Accessible Location Off South Power Road (30,700-Plus Cars per Day)

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

Unhooked Recovery | Brand New 10-Yr Absolute NNN Lease Extension

Listing Price: $9,600,000

Cap Rate
8.00%
Tenant Name
Residents at The Heights, LLC
Years Remaining On Lease
10.0
Gross SF
48,765
Guarantor
No Guarantee
Rentable SF
48,765
Price/Gross SF
$196.86
Lease Type
Absolute Net
Rent Per Square Feet
$15.75

Investment Highlights

  • Absolute NNN Lease - Tenant Recently Executed a 10.5-Year Lease Extension, Showing Commitment to the Site
  • 2.5 Percent Annual Rental Increases with Multiple Renewal Options
  • 48,765-Square-Foot Licensed Inpatient Behavioral Health Facility in the Phoenix MSA
  • Adjacent to Banner Baywood Medical Center, a 345-Bed Hospital, and 4.5 Miles from Banner Gateway Medical Center
  • 281,588 Residents within a Five-Mile Radius in Dense Mesa Infill
  • Less than Two Miles Off the US-60 Freeway (182,00-Plus Cars per Day)
  • Easily Accessible Location Off South Power Road (30,700-Plus Cars per Day)

Investment Overview

Unhooked Recovery is a residential alcohol and substance abuse treatment provider with one inpatient location serving the East Valley and an outpatient clinic. The subject property offers 100 inpatient beds and 13 detox units. Unhooked Recovery assists patients in developing individualized treatment plans that are tailored to meet the needs of men and women looking to break the chains of addiction. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University.

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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