3124 Willow Creek Road, Prescott, Arizona 85304
Investment Highlights
- The Property is 100% leased to two established and profitable medical tenants: Thumb Butte Medical Center, PLLC (Internal Medicine) and Ali Askari, MD PC (Cardiology).
- 3% annual increases in-place on both leases.
- Two, 7-Year Leases, with two (2), seven (7) year option periods.
- Developed in 2016 using high-quality construction and materials, with cutting edge tenant improvements.
- Strategically located a few miles north of Yavapai Regional Medical Center West, consisting of 134 beds and the nationally-respected James Family Heart Center.
- Sleek and timeless architectural design implementing dark woods, glass, and natural stone.
- Brand-new 17.5 foot tall, 60 sq. ft. freestanding sign along Willow Creek Road, which features over 33,000 vehicles per day.
- Medical Office has recently been characterized as the new “recession resistant” property category according to a new article by National Real Estate Investor magazine.
- The Property is centrally located to all major regional thoroughfares, including: Highway 5 (1.84 miles), Highway 89 (2.22 miles), Highway 10 (2.85 miles), and Highway 69 (3.67 miles).
- Rare absolute triple-net (NNN) medical investment opportunity in Prescott, Arizona.
Investment Summary
| List Price | $5,143,000 |
| Cap Rate | 7.00% |
| Building Size | ±12,000 SF |
| Occupancy | 100% |
Contact Information
Andrew K. Fosberg
First Vice President
Investment Properties | Retail
CBRE | Capital Markets
+1 602 735 1723
andrew.fosberg@cbre.com
Dylan A. Brown
Sales Assistant
Investment Properties | Retail
CBRE | Capital Markets
+1 602 735 1714
dylan.brown@cbre.com
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