New Medical Investment: Flagstaff Medical Center - Hospital Flagstaff, AZ | Rare S&P AA- Investment Grade Tenant | Annual Increases

5130 N Highway 89 Flagstaff, AZ 86004

5130 N Highway 89, Flagstaff, AZ, 86004
5130 N Highway 89, Flagstaff, AZ, 86004
FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$5,605,410
Cap Rate:
5.00%
Last Verified:
Jun 23, 2020

  • Northern Arizona Healthcare has a rare S&P “AA-” investment grade credit rating.
  • New 10-year corporate single-tenant triple-net (NNN) medical investment, with ±9 years remaining, and attractive annual rent increases.
  • Northern Arizona Healthcare is investing over $4.8M into their building, which is a significant contribution from the Tenant. This investment shows their commitment to the Property.
  • Below market rent of $12.75 a square foot.
  • Strong employment corridor including ±33,087 daytime employees and an average household income of $83,144 in a five-mile radius of the Property (Source: Esri).
  • High traffic counts of approximately 41,842 vehicles per day on the 89 highway (Source: AZDOT, 2018).

Additional URLs

Map of 5130 N Highway 89, Flagstaff, AZ, 86004

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.