For Sale
$1,820,000

999 Division StPrescott, AZ 86301

Net-Leased Medical Office, High ROI

Overview

Added:
Feb 3
Days on market:
63
This exceptional investment opportunity presents a single-tenant, net-leased medical office building situated in Prescott, Arizona. Located directly adjacent to Dignity Health hospital's west campus at 999 Division Street, this 4,922 square foot building offers a strong, stable income stream. Currently leased to Arizona Neurosurgery & Spine, the lease commenced January 1, 2022, and extends until December 31, 2026, providing immediate cash flow. The property boasts a 6.5% going-in capitalization rate with annual CPI increases, ensuring long-term value appreciation. Built in 1988 and recently renovated, the building is in excellent condition. The main level encompasses approximately 4,000 square feet, featuring five exam rooms with sinks, three provider offices (convertible to additional exam rooms), a large surgical room, three surgical prep rooms, a dedicated surgical lobby and entrance, two nursing stations, and a manager's office. The 0.28-acre lot provides ample space. Priced at $1,820,000, this is a rare chance to acquire a high-performing medical office building in a prime Prescott location with significant upside potential. The property's strategic location and strong tenant occupancy make it an ideal addition to any investment portfolio. This is a turnkey investment opportunity with minimal management requirements.

Property Details for 999 Division St

Property type
Square Feet
4,922 SF
Year Built
1992
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Prescott
County
Yavapai
State
Arizona
Latitude
34.55958
Longitude
-112.4788
999 Division St, Prescott, Arizona

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999 Division St
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