Skip to main content

Single-Tenant Office Medical

Northwest Healthcare

7890 N Cortaro Rd, Tucson, AZ 85743

Listing Price: $3,470,000

Cap Rate
5.50%
Tenant Name
Northwest Hospital, LLC
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
6,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.86

Investment Overview

This Absolute NNN leased Medical Office Building is leased to Northwest Healthcare. Northwest Primary and Specialty Care is a large multi-specialty physician group affiliated with Northwest Healthcare. With more than 80 employed providers and locations throughout the Tuscon MSA, Northwest Healthcare is the dominant hospital and health care provider for the region. This building was constructed in 2017 as a build-to-suit for Northwest Healthcare. The lease calls for annual rent increases and two five-year options to extend. The population exceeds 84,000 residents (five-mile) with North Cortaro Road exceeding 26,900 average vehicles per day.

Investment Highlights

  • Absolute NNN Lease - Tenant Reimburses Landlord for All Expenses
  • Value Add Component - Additional Management Fee Income Available for Overseeing the Payment and Reimbursement of Operating Expenses
  • Annual Rent Increases

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Single-Tenant Office Medical

Northwest Healthcare

Listing Price: $3,470,000

Cap Rate
5.50%
Tenant Name
Northwest Hospital, LLC
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
6,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.86

Investment Highlights

  • Absolute NNN Lease - Tenant Reimburses Landlord for All Expenses
  • Value Add Component - Additional Management Fee Income Available for Overseeing the Payment and Reimbursement of Operating Expenses
  • Annual Rent Increases

Investment Overview

This Absolute NNN leased Medical Office Building is leased to Northwest Healthcare. Northwest Primary and Specialty Care is a large multi-specialty physician group affiliated with Northwest Healthcare. With more than 80 employed providers and locations throughout the Tuscon MSA, Northwest Healthcare is the dominant hospital and health care provider for the region. This building was constructed in 2017 as a build-to-suit for Northwest Healthcare. The lease calls for annual rent increases and two five-year options to extend. The population exceeds 84,000 residents (five-mile) with North Cortaro Road exceeding 26,900 average vehicles per day.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

MM Texture Background
MM Textured Background Lower