For Sale
$3,437,118

1780 Anklam RdTucson, AZ 85745

High-yield medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 13,084-square-foot medical office building in Tucson, Arizona. Located on 1.71 acres, this single-tenant property boasts a 15-year net lease with DaVita, Inc., commencing November 30, 2019, and expiring November 30, 2034, leaving a substantial 10-year remaining lease term. The property, completely renovated in 2019, benefits from built-in rent bumps of 10% every five years, ensuring consistent income growth. The asking price is $3,437,118, representing a compelling 6.75% cap rate and a net operating income (NOI) of $232,005. The property enjoys a prime location on the campus of Carondelet Health Network's St. Mary's Hospital, a 400-bed facility, benefiting from high traffic volume on West Anklam Road (nearly 14,000 vehicles daily). The surrounding area is densely populated, with an average household income of $83,000 within a ten-mile radius. The lease is a standard DaVita form used across most of their 2,700 locations, offering a landlord-friendly structure with complete reimbursement and pass-through of ground rent costs. This investment offers significant tax advantages due to the leasehold interest allowing for 100% depreciation. The tenant, a leading operator in a recession-resistant industry, provides a strong guarantee and the lease lacks early termination or kick-out clauses. This is a rare opportunity to acquire a stable, high-performing asset with substantial long-term growth potential. The property was originally built in 1986.

Highlights

  • On-campus location at 400-bed St. Mary's Hospital.
  • No early termination options.
  • Strong guarantee from a leading operator.
  • Healthcare industry provides recession resistance.
  • Renovated facility with a 30+ year operating history.
  • Long-term lease with built-in rent increases.

Property Details for 1780 Anklam Rd

Property type
Office properties, Medical offices
Square Feet
13,084 SF
Year Built/Renovated
1986/2019
Lot Size (sq. ft)
74,488 SF

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2263578
Longitude
-111.004266
1780 Anklam Rd, Tucson, Arizona

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1780 Anklam Rd
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