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Investment or Owner/User Opportunity

4244 N. 19th Avenue Phoenix, AZ 85015

FOR SALE
Property Type:
Multi Tenant Office
Amount:
$765,000
Last Verified:
May 15, 2019
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Highlights

  • Single Tenant NNN Leased Dental Investment
  • Existing Cap Rate of 14.21%
  • Lease Expiration of 05/2020
  • Tenant Plans to Vacate Building Upon Lease Expiration
  • Strong Operator w/ Multiple Locations
  • Lease Personally Guaranteed by Managing Principals
  • Located Along Dense 19th Ave Corridor

Description

The subject property consists of a single tenant NNN leased medical office investment, currently leased to Tiny Teeth Children's Dentistry. The tenant's lease commenced in June 2017 and expires end of May 2020. Additionally, the Tenant has a two (2) three-year renewal options. Each managing member of the Tenant entity has personally guaranteed the Lease through their own individual corporation.

The subject property is conveniently located north of the northwest corner of 19th Ave and Indian School Road. There are numerous amenities within the immediate area The property is less than one mile from the I-17 freeway. Additionally, the property is located one mile north of Encanto Park and is within a 10 minute drive of Downtown Phoenix. Grand Canyon University is less than two miles away from the subject property.


Year Built: 1982
Building Size: 6634.0sq ft
Building Class: C
Lot Size: 0.53 acres

Map of 4244 N. 19th Avenue, Phoenix, AZ, 85015

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