Banner Urgent Care (Dark)

4,264 SF | Retail Building | Phoenix, AZ 85020 | $2,300,000 ($539/SF) | 6.11% Cap Rate

Asking Price $2,300,000

Property Type: Retail
Square Feet: 4,264 SF
Price / Square Foot: $539

Listing Contacts

Chris Hollenbeck

Verified Profile

Shane Carter

Verified Profile

Property Info

Property Overview

INVESTMENT HIGHLIGHTS
• Absolute NNN Lease
• Corporate Guaranty
• Hard corner location
• Existing drive-thru
TENANT HIGHLIGHTS
• Banner Health is the largest employer in Arizona with over 50,000 employees
• Fitch and S&P have given Banner an investment grade credit rating of AA- (Source)
• ±500 locations of hospitals, clinics, and health services spanning over 6 states
• In 2022, Banner recorded total operating revenues of ±$12.7 billion (Source)
LOCATION HIGHLIGHTS
• High traffic intersection with over a combined 51,000 VPD
• ±0.5 miles from John C. Lincoln Medical Center (±441,672 SF Hospital)
• Densely populated trade area (±361,157 residents in a 5 mile radius)
• Strong household incomes over $101,000 in a 3 mile radius

Property Details

Class: B
Year Built: 2000
Stories: 1
Property Subtype: Freestanding, Storefront Retail/Office, Medical
Lot Size (sq. ft): 41,818 SF

Highlights

Absolute NNN Lease
Corporate Guaranty
Hard corner location
Redevelopment Opportunity
Existing drive-thru
Densely populated trade area (±361,157 residents in a 5 mile radius)

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