Multi-Property, Two Tenant, NNN Investment Portfolio
6828 E Brown Rd #101
Mesa, AZ 85027
Highlights
- Multi-Property, Two Tenant, NNN Investment Portfolio
- Both Assets Located in Well-Stabilized, Growing Portions of the Market
- All Leases are Absolute NNN & Reimburse Ownership for all Associated Expenses
- Three and a Half Years Remaining on all Three Leases
- Compounding Pharmacy is Personally Guaranteed
Description
SVN Desert Commercial Advisors, as the sole representative of the Owner, is pleased to present for sale this multi-property, two-tenant, Triple Net medical investment portfolio. The portfolio consists of two office condo properties, one of which is located in Queen Creek, Arizona, and the other is located in Mesa Arizona.
The Queen Creek property is a single-tenant asset currently leased to a Four Corners Compounding Pharmacy. Personally guaranteed by the company's principal, who fully executed their lease in November of 2022. With three and a half years remaining on the lease, this location was built to spec for the compounding pharmacy and includes a large manufacturing area as well as a controlled clean room with advanced independent air filtration. The lease is an absolute NNN lease where the tenant is responsible for reimbursing the Owner for all associated expenses including taxes, insurance, and CAM costs.
The Mesa property is a two-tenant asset currently leased to Four Corners Compounding Pharmacy. Operating the space as its second location, Cosmetic Family Dental Clinic P.C. is a multi-operatory dental clinic that, has been open in the Mesa area for over 10 years. Both leases observe the same triple net structure where the tenant reimburses the owner for all associated expenses, including taxes, insurance, and CAM costs.
Located in the northeast pocket of Mea, the subject property is primely located off E Brown Rd and Power Rd. Unit 100/101 is
surrounded by unique shopping centers, a diverse amount of restaurants, and great accessibility to and from the office via the
Loop 202 and US 60. Up the street from the property lies Red Mountain Gateway, a neighborhood retail center anchored by Target
and featuring a unique mix of local and nationally recognized restaurants and QSRs. The subject property also lies within the
northwest pocket of the Loop-202 near the Falcon Field Industrial Park and Longbow. Additionally, this part of Mesa has seen
substantial infill growth over the last market cycle and is forecasted to continue this growth over the next few years.
