For Sale
$4,980,000

7445 Bell RdPeoria, AZ 85382

High-yield NNN lease, strong tenant

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 8,094 square foot medical office building in Peoria, Arizona, boasting a 7.15% cap rate and a strong 9-year remaining lease term (expiring 11/30/2033) with Village Medical, a reputable national healthcare provider. The property, built in 1999 and renovated in 2023, features 15 exam rooms and sits on a 0.74-acre lot in a prime location along the busy Bell Road retail corridor, directly across from Arrowhead Towne Center, Arizona's highest-volume regional mall. The NNN lease includes a corporate guarantee and built-in rent increases of 10% every five years, providing significant long-term value. With a Net Operating Income (NOI) of $356,136 and 100% occupancy, this asset offers a secure and attractive return. The property benefits from excellent visibility and accessibility, with over 69,000 cars passing daily at the intersection of Bell Road and 75th Avenue. The Peoria trade area, within a five-mile radius, has a population of 313,090 residents. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a thriving market.

Highlights

  • Brand new 10-year triple-net (NNN) lease with corporate guaranty.
  • Strong lease guarantor with over 190 locations and expanding.
  • High-traffic location across from Arrowhead Towne Center, Arizona's top-performing regional mall.
  • 10% rent increases every five years.
  • Densely populated area: 313,090 residents within a five-mile radius in the growing Peoria trade area of the Phoenix MSA.
  • Building features 15 exam rooms.

Property Details for 7445 Bell Rd

Property type
Retail properties, Office properties
Square Feet
8,094 SF
Year Built/Renovated
1999/2023
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Peoria
County
Maricopa
State
Arizona
Latitude
33.6376131
Longitude
-112.219098
7445 Bell Rd, Peoria, Arizona

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7445 Bell Rd
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