For Sale
$1,096,000

800 Chandler BlvdChandler, AZ 85225

Phoenix MSA, NNN Lease, 6.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a single-tenant, Class A medical office building in Chandler, Arizona's thriving Phoenix MSA. The 2,423 square foot building is 100% occupied by Specialized Dental Partners, a leading specialty dental services organization with over 200 locations nationwide and backed by Quad-C Management, a prominent private equity firm. The property boasts a strong financial profile, including a 6.5% cap rate and a Net Operating Income (NOI) of $71,250. The current lease is a Net Lease (NNN) with a remaining term of five years and features attractive 2.5% annual rent increases, providing inflation protection. The building underwent significant interior renovations in 2021, totaling approximately $300,000, resulting in first-class finishes and high-quality construction. The property's strategic location on Chandler Boulevard offers easy access to major freeways (Loop 101 and Loop 202), placing it within close proximity to other medical facilities, including Chandler Regional Medical Center. The surrounding area exhibits robust demographics, with a high average household income and a rapidly expanding population. The lease includes two, 5-year renewal options, further enhancing the long-term value of this investment. The fee-simple condo ownership structure provides additional flexibility. This is a rare opportunity to acquire a stable, high-performing medical office asset in one of the nation's fastest-growing markets. The property's APN is 302-52-142 & 302-52-143. Built in 1993 and renovated in 2021, this property offers a compelling combination of established tenancy and modern amenities.

Highlights

  • Tenant enjoys significant location investment, with ~$300,000 in recent improvements, minimizing relocation risk.
  • High-quality periodontics practice offers specialized, higher-revenue services in a niche market.
  • Tenant, Chandler Implants & Periodontics, is part of a rapidly expanding, well-capitalized dental group (Specialized Dental Partners) with 31 acquisitions in 2023 alone.
  • Practice provides full-service dental care, including implant surgery and gum disease treatment, attracting high-paying clientele.
  • Recession-resistant tenant in the essential healthcare sector provides stable income.
  • Strong market fundamentals: US dental services market projected to reach $254.09 billion by 2032.

Property Details for 800 Chandler Blvd

Property type
Office properties, Medical offices
Square Feet
2,423 SF
Class
A
Year Built/Renovated
1993/2021
Buildings
1
Stories
1

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.3063541
Longitude
-111.8551311
800 Chandler Blvd, Chandler, Arizona

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800 Chandler Blvd
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