Skip to main content

Single-Tenant Office Medical

Simon Medical Imaging - Brand New 10-Yr Extension

790 Gail Gardner Way, Prescott, AZ 86305

Listing Price: $3,313,000

Cap Rate
5.85%
Tenant Name
Simon Med Imaging
Years Remaining On Lease
10.3
Gross SF
9,728
Guarantor
No Guarantee
Rentable SF
9,728
Price/Gross SF
$340.56
Lease Type
Double Net
Rent Per Square Feet
$19.92

Investment Overview

SimonMed Imaging is the largest outpatient physician radiology group in the United States. Founded in 2003 by radiologist Dr. John Simon, the company is headquartered in Scottsdale, Arizona, and operates as a private health-tech and longevity business. The company is structured as a hybrid model: it both operates the physical clinics where scans take place and directly employs its own massive practice of over 200 subspecialty-trained radiologists who read and interpret the exams.

Prescott, Arizona, is a historic city nestled in the central highlands of Yavapai County. Situated at an elevation of roughly 5,200 feet amidst a massive ponderosa pine forest, Prescott offers a distinct four-season climate. According to 2024 data from the U.S. Census Bureau, the city boasts a growing population of 47,400 residents.

Investment Highlights

  • 10-Plus Years Remaining on Lease with Annual Rental Increases
  • SimonMed Imaging is the Largest Outpatient Physician Radiology Group in the United States with Over 170 Locations
  • ±50,990 Residents within a Five-Mile Radius
  • Nearby W Iron Springs Rd (20,855 Vehicles Per Day), Providing Direct Access to State Route 89, a Major Thoroughfare Through Prescott
  • Average Household Income Exceeds $97,000 Within a Five-Mile Radius
  • Dense Retail Corridor Location Surrounded by National Tenants: Walmart Supercenter, Fry's, True Value Hardware, C-A-L Ranch Stores, and More

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Columbus

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000, NC: LC1060

    Phoenix

  • Zack House

    Senior Managing Director Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000, NC: LC1059

    Phoenix

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Single-Tenant Office Medical

Simon Medical Imaging - Brand New 10-Yr Extension

Listing Price: $3,313,000

Cap Rate
5.85%
Tenant Name
Simon Med Imaging
Years Remaining On Lease
10.3
Gross SF
9,728
Guarantor
No Guarantee
Rentable SF
9,728
Price/Gross SF
$340.56
Lease Type
Double Net
Rent Per Square Feet
$19.92

Investment Highlights

  • 10-Plus Years Remaining on Lease with Annual Rental Increases
  • SimonMed Imaging is the Largest Outpatient Physician Radiology Group in the United States with Over 170 Locations
  • ±50,990 Residents within a Five-Mile Radius
  • Nearby W Iron Springs Rd (20,855 Vehicles Per Day), Providing Direct Access to State Route 89, a Major Thoroughfare Through Prescott
  • Average Household Income Exceeds $97,000 Within a Five-Mile Radius
  • Dense Retail Corridor Location Surrounded by National Tenants: Walmart Supercenter, Fry's, True Value Hardware, C-A-L Ranch Stores, and More

Investment Overview

SimonMed Imaging is the largest outpatient physician radiology group in the United States. Founded in 2003 by radiologist Dr. John Simon, the company is headquartered in Scottsdale, Arizona, and operates as a private health-tech and longevity business. The company is structured as a hybrid model: it both operates the physical clinics where scans take place and directly employs its own massive practice of over 200 subspecialty-trained radiologists who read and interpret the exams. Prescott, Arizona, is a historic city nestled in the central highlands of Yavapai County. Situated at an elevation of roughly 5,200 feet amidst a massive ponderosa pine forest, Prescott offers a distinct four-season climate. According to 2024 data from the U.S. Census Bureau, the city boasts a growing population of 47,400 residents.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Columbus

  • Chris Lind

    Senior Managing Director Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000, NC: LC1060

    Phoenix

  • Zack House

    Senior Managing Director Investments

    (602) 687-6650

    Email Zack

    License(s): AZ: SA665750000, NC: LC1059

    Phoenix

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

MM Texture Background
MM Textured Background Lower