For Sale
$4,768,000

6116 Arbor AveMesa, AZ 85206

13,618 SF, 7% Cap Rate, Net Lease

Overview

Added:
Feb 13
Days on market:
52
This fee-simple investment opportunity presents a 13,618-square-foot medical office building in Mesa, Arizona, currently leased to SOAR Autism Center under a 10-year net lease commencing May 1, 2025, and expiring April 30, 2035. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $333,732. Built in 1999 and renovated in 2025, the building benefits from a prime location within a thriving medical corridor, close to major healthcare facilities like Banner Baywood Medical Hospital and Ironwood Cancer Center. The lease includes attractive 3% annual rent bumps, providing inflation protection, and features two 5-year renewal options. The property is situated in a high-density area with affluent demographics, boasting an average household income exceeding $92,000 within a three-mile radius. This single-tenant, net-lease investment offers passive income generation and significant long-term growth potential within the high-demand autism/behavioral health industry. The asking price is $4,768,000. Additional parking lot income further enhances the property's financial performance.

Highlights

  • $4,768,000 asking price for a fee-simple interest in a 13,618 SF medical office building.
  • 10-year net lease to SOAR Autism Center, commencing May 1, 2025.
  • 7.00% cap rate with a $333,732 NOI.
  • Located in Mesa, AZ, in a strong medical corridor near major healthcare facilities.
  • Property features 3% annual rent bumps and two 5-year lease options.
  • Building was built in 1999 and renovated in 2025.

Property Details for 6116 Arbor Ave

Property type
Office properties, Medical offices
Square Feet
13,618 SF
Year Built/Renovated
1999/2025

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.413988996022
Longitude
-111.69868340609
6116 Arbor Ave, Mesa, Arizona

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6116 Arbor Ave
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