Phoenix Neurology

2940 N Litchfield Rd, Goodyear, AZ 85395

$3,308,450

Cap Rate 7.00%

DOM: 60 Updated: 02.26.25 Posted: 02.26.25 Status: Active

Summary

Price $3,308,450	Built/Renov 2007	Tenant Phoenix Neurology
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor
Size/SF 8,756	Lease Start 12-01-2020	#Units 1
Price/SF $377.85	Expiration 11-30-2030	Tenant Type Medical/Health
NOI $231,591	R. Term 5.7	Ownership Fee Simple
Rent/SF $26.45	Increases 3.0%/1/yrs	Pop 5Mi 215,742
Lot/AC 0.25	Options 0/0yrs	AHHI 5Mi $118,776

BJ Feller

Northmarq

Contact

Lease Highlights

4+ years remaining on the current lease term with no options to extend
Lease features 3% annual rental increase throughout the initial term
Absolute NNN lease | Zero landlord responsibilities
Lease personally guaranteed by Daniel T. Torzala and Troy G. Anderson

Location Description

Phoenix Neurology is strategically positioned near the intersection of N Litchfield Rd and W Thomas Rd, benefiting from excellent visibility and accessibility with a combined daily traffic count of 33,640 vehicles. The property is located within the expansive 2,500-acre Goodyear Medical Corridor, anchored by Abrazo West Campus—a 200-bed Level I Trauma Center that serves more than 55,000...

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Key Features

Strategically located
Freeway close
Strong tenant synergy
Top 100 MSA
Strong demographics
Population increase trend
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Phoenix Neurology Wikipedia Goodyear, Arizona Zip Code 85395 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Phoenix Neurology and Sleep Medicine, PLLC
Company:Daniel T. Torzala and Troy G. Anderson
# Units:1

About Tenant

Phoenix Neurology & Sleep Medicine is a specialized medical practice offering comprehensive care in neurology and sleep medicine. The practice focuses on diagnosing and treating a wide range of...

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Listing Broker

BJ Feller

Northmarq

Contact

56 Listings
11760 Views
14 Sold

BJ Feller

BJ Feller is a Senior Vice President and Managing Director of Northmarq’s Chicago office, leading a team of professionals specializing in the disposition and acquisition of net lease retail, office and industrial properties nationally. Feller represents a broad range of institutional, private, and international clients, and has completed transactions in excess of $4.5 billion across 39 states, consistently providing strong results for clients. Before joining Northmarq, Feller served as Managing

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