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| Price $2,300,000 | Built/Renov 2000 | Tenant Banner Urgent Care (Dark) |
| Cap Rate 6.11% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,264
| Lease Start
06-16-2016
| #Units
30
|
| Price/SF $539.40 | Expiration
06-15-2028
| Tenant Type Medical/Health |
| NOI $140,478 | R. Term 3.9 | Ownership Fee Simple |
| Rent/SF
$32.95
| Increases 10.0%/3/yrs | Pop 5Mi 361,157 |
| Lot/AC 0.96 | Options 2/5yrs/10% | AHHI 5Mi $96,656 |
| | |
The property is strategically located at the hard corner, signalized intersection of North 7th Street and Cave Creek Road, a primary thoroughfare with over 51,000 vehicles passing by daily. The site benefits from excellent frontage, visibility, two points of access and a dedicated drive-thru lane. Additionally, the asset is positioned a half mile from John C. Lincoln Medical Center, a ±441,672...
...Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Highway location
Hospital close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Absolute NNN
Corporate Guarantee
Banner Health is one of the largest nonprofit hospital systems in the country that provides emergency and hospital care, hospice, long-term/home care, outpatient surgery, labs, rehabilitation...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 17,740 | 114,683 | 359,524 |
| 2023 Total Population : | 18,046 | 115,497 | 358,855 |
| 2023 Employed Civilian Pop : | 8,993 | 58,494 | 183,727 |
| 2023 Total Businesses : | 636 | 3,888 | 12,339 |
| 2023 Average Household Income : | $ 84,703 | $ 103,047 | $ 101,114 |
| 2023 Total Consumer Spending : | $ 597 M | $ 4497 M | $ 13076 M |
| 2023 Median Age : | 40 | 40 | 39 |
| 2023 Total Households : | 8,028 | 50,163 | 148,545 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,710 | 20,275 | 56,658 |
| 2023 Average Home Value : | $ 422,267 | $ 517,311 | $ 479,309 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N 7th St | E Eva St | 2018 | 28,076 | 0.04 mi |
| N Cave Creek Rd | N 8th St | 2012 | 17,430 | 0.13 mi |
| E Dunlap Ave | N 5th St | 2018 | 24,563 | 0.17 mi |
| North Cave Creek Road | N 8th St | 2018 | 19,159 | 0.19 mi |
| E Hatcher Rd | N 8th St | 2013 | 11,315 | 0.27 mi |
| E Dunlap Ave | N 10th St | 2012 | 4,065 | 0.27 mi |
| N 7th St | E Carol Ave | 2015 | 28,086 | 0.29 mi |
| North 7th Street | E Vogel Ave | 2018 | 27,558 | 0.34 mi |
| E Hatcher Rd | N 3rd St | 2015 | 13,218 | 0.37 mi |
| North 7th Street | E Orchid Ln | 2018 | 33,797 | 0.39 mi |
Catskill, NY
Cap Rate 6.50%
Lease NN+
R. Term 8.10 yrs
Size/SF 3,515
Saint Michael, MN
Cap Rate 6.50%
Lease NN+
R. Term 5.30 yrs
Size/SF 4,273
New Braunfels, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 4.30 yrs
Size/SF 5,780
Lenoir, NC
Cap Rate 6.00%
Lease Double NN
R. Term 8.11 yrs
Size/SF 3,500
Franklin, LA
Cap Rate 6.75%
Lease NN+
R. Term 12.10 yrs
Size/SF 3,600
Emporia, KS
Cap Rate 7.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 3,000
Navarre, FL
Cap Rate 6.75%
Lease Double NN
R. Term 9.00 yrs
Size/SF 5,626
St. Louis, MO
Cap Rate 6.75%
Lease NN+
R. Term 8.50 yrs
Size/SF 4,536
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
