OneOncology Medical

- Single-tenant OneOncology Medical investment opportunity, offering a brand-new 15 year lease, starting from when the tenant completes their build out of the expansion space. The lease offers rare and attractive 1.97 - 2.02% annual rental increases.
- OneOncology is a network of the nation’s leading oncology practices with over 350 care sites and 20 anchor practices across 16 states. The company was acquired in 2023 at a $2.1 billion valuation by TPG, a global alternative asset management firm with $224 billion in assets, and Cencora (NYSE: COR), a global healthcare solutions leader generating over $250 billion in annual revenue and ranks #10 on the Fortune 500.orts/).
- OneOncology is providing access to world-class cancer care in the Northern Tucson community, just south of the Catalina Foothills.
The Subject Property is located three miles Northwest of the Tucson Medical center that has ±4,530 employees and ±600 beds. Banner University Medical Center is three miles southwest of OneOncology, with ±5,571 employees and ±649 beds.
- The Subject Property is located three miles Northwest of the Tucson Medical center that has ±4,530 employees and ±600 beds. Banner University Medical Center is three miles southwest of OneOncology, with ±5,571 employees and ±649 beds.
- OneOncolgy has invested a significant amount of capital into the property in addition to the Tenant improvement allowance received, to include sophisticated technologies for planning and delivering high-precision image-guided radiosurgery using Varian’s Edge™ radiosurgery system, and GE’s Discovery IQ system for molecular imaging.
- OneOncology has recently executed a 1st amendment to lease on May 1, 2024, to expand into the remainder of the building. The tenant is in the process of building out the additional 4,873 square feet of space at their cost and is on track to have this work complete by December 1st, 2024.
- Located just north of the property are the Catalina Foothills, Tucson's most iconic luxury suburb with over 1,200 homes valued above $1 million. This area has over 24,000 Baby Boomers and is home to the Greatest Generation. (Source: Esri).
- The property is located on the heavily traveled E Fort Lowell Rd (±27,031 VPD) and is just west of N Alvernon Way (±16,498 VPD) (Source: ADOT, 2023).
- Nearby national retailers include Bashas', Albertson's, Walmart, McDonald's, Starbucks, Circle K, AutoZone, O'Reilly Auto Parts, BRAKEmax, and more.