15 YEAR - SINGLE TENANT ABSOLUTE NNN INVESTMENT OPPORTUNITY · 2019-10-11 · Saguaro National...

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OFFERING MEMORANDUM 15 YEAR - SINGLE TENANT ABSOLUTE NNN INVESTMENT OPPORTUNITY TRUE HEALTH MEDICAL | 4828 S. VAL VISTA DRIVE | GILBERT | AZ CLICK TO VIEW MARKETING VIDEO

Transcript of 15 YEAR - SINGLE TENANT ABSOLUTE NNN INVESTMENT OPPORTUNITY · 2019-10-11 · Saguaro National...

Page 1: 15 YEAR - SINGLE TENANT ABSOLUTE NNN INVESTMENT OPPORTUNITY · 2019-10-11 · Saguaro National Park, home to the giant saguaro, a plant found in only a small portion of the United

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15 YEAR - SINGLE TENANT ABSOLUTE NNN INVESTMENT OPPORTUNITY

TRUE HEALTH MEDIC AL | 4828 S. VAL VISTA DRIVE | GILBERT | A Z

CLICK TO VIEW MARKETING VIDEO

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INVESTMENT ADVISORS:

5343 N. 16th Street | Suite 100Phoenix | AZ480.425.5500

www.SVNDesertCommercial.com

Rommie MojahedDirector of Sales & Leasing

[email protected]

Beau FlahartSenior [email protected]

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COMING SOON

Queen Creek Road (16,885 CPD)Val Vista Drive (30,921 CPD)

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5INVESTMENTSUMMARY

Investment SummaryInvestment HighlightsProperty Demographics

AREA OVERVIEW

Gilbert SnapshotGilbert Mercy HospitalLocation Map

PROPERTY OVERVIEW

Property Description

TENANTSUMMARY

Tenant Profile

FINANCIAL SUMMARY

Rent RollIncome & Expenses

8 12 13 14

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INV

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O f f e r i n g P r i c e :

C a p R a t e :

C u r r e n t N O I :

O c c u p a n c y :

To t a l B u i l d i n g A r e a :

To t a l L a n d A r e a :

Ye a r B u i l t :

Z o n i n g :

A P N # :

2 0 1 9 Po p u l a t i o n :

2 0 2 4 Po p u l a t i o n :

2 0 1 9 To t a l H o u s e h o l d s :

M e d i a n H o u s e h o l d I n c o m e :

• H a r d C o r n e r F r e e s t a n d i n g M e d i c a l Pa d B u i l d i n g

• S a l e - L e a s e b a c k O p p o r t u n i t y

• L o c a t e d o n h a r d c o r n e r o n Va l Vi s t a D r i v e & Q u e e n C r e e k R o a d .

• L e s s t h a n 2 m i l e s s o u t h o f t h e L o o p 2 0 2 F r e e w a y

• A b s o l u t e N N N - 1 5 Ye a r L e a s e

• 4 , 6 0 0 S F w i t h D r i v e T h r u

• H u g e G r o w t h A r e a

• C l o s e t o H o s p i t a l s , S c h o o l s , F r e e w a y, e t c .

• A n n u a l I n c r e a s e s

• E x c e l l e n t d e m o g r a p h i c s w i t h a m e d i a n h o u s e h o l d i n c o m e o f $ 1 1 5 , 3 2 8

w i t h i n 1 m i l e

$ 2 , 7 0 0 , 0 0 0

5 . 5 %

$ 1 5 0 , 0 0 0 . 0 0

1 0 0 %

4 , 3 3 2 S F

1 . 0 3 a c r e s

2 0 0 7

C C

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8 , 2 4 5

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$ 1 1 5 , 3 2 8

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$ 1 1 1 , 7 4 7

2 1 3 , 7 4 3

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$ 1 0 0 , 7 6 4

I N V E S T M E N T S U M M A R Y

I N V E S T M E N T H I G H L I G H T S

P R O P E R T YD E M O G R A P H I C S

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1 M i l e 3 M i l e 5 M i l e

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Chandler Municipal Airport

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Queen Creek Road (16,885 CPD)

Val Vista Drive (30,921 CPD)

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TRUE HEALTH M E D I C A L

4828 S. VAL VISTA DRIVE | GILBERT | A Z

Future Retail Center

Future Retail Including: Coming Soon:

COMING SOON

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Therapy Bay

Consult Room

Medic al Room

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Gilbert is central to many of Arizona’s scenic attractions. Northeast lies the SuperstitionMountains, the location of the legendary Lost Dutchman’s Gold Mine, as well as the TontoNational Forest which contains scenery ranging from rugged desert to cool pines. South liesSaguaro National Park, home to the giant saguaro, a plant found in only a small portion ofthe United States.As the 2nd Safest City and the 22nd Best Place to Live in the country, you can experience allthe West has to offer in an environment that makes you feel like you’ve come home. Theiconic water tower stands tall in downtown Gilbert in an area that once housed little morethan the post office. Today, you will find the downtown bustling with shops, restaurants, atheater, and art galleries. Gilbert offers several shopping venues from unique boutiques inour Heritage District to the SanTan Village Shopping Center. At SanTan Village, you can findeverything from Macys, Dillards, Apple, and Coach to Sephora and Barnes & Noble, alongwith many delicious dining options to satisfy everyone’s taste.If your pleasure is more along the lines of nature, relax at one of our outdoor parks. Gilbertis home to six golf courses, five major parks, four community pools, four community recreationcenters, three theatres, and an indoor ice arena. Throughout the year, Gilbert is hostto numerous festivals, youth and amateur sporting events, academic conferences, sportstournaments, an art walk, and farmers markets.

Downtown Gilbert is known by the locals as the Heritage District. With 26 restaurants that were added in just the last 5 years, adding some of the top restaurants in the metro Phoenix food scene to best of Gilbert’s locally grown creations. The district also features the Hale Theater with Broadway shows, the Gilbert Farmers Market every Saturday and the Art Walk on the first and third Saturdays when the weather is nothing short of amazing (Oct-March). You’ll find a family-friendly environment, a vibrant nightlife, and a plethora of pet-friendly restaurant options with ample patio space. And when you want to explore using pedal power, Gilbert’s 135-mile bike path system connects the Heritage District to parks and attractions throughout town.

G I L B E R TS N A P S H O T

C I T Y O F G I L B E R TA C C O L A D E S

D O W N T O W N G I L B E R T

Best City for Business in Arizona (Arizona Chamber of Commerce and Industry, 2019)Arizona’s Most Admired Companies - Town of Gilbert (AZ Business Magazine / Arizona’s Best Companies, 2017)Arizona’s Fastest Growing City (WalletHub, 2018)Gilbert Tops List for Recovery in 100 Cities After Recession (Economic Innovation Group, 2018)5G Wireless Champion Award - Mayor Jenn Daniels (CTIA, 2018)City Government-to-Citizen Experience Award for Alex (The Center for Digital Government, 2018)#1 Safest City in Arizona, #6 in the Country (WalletHub, 2018)Best City to Get Out of Credit Card Debt in the U.S. (SmartAsset, 2018)2nd Safest City in the United States (Law Street Media, 2016)

Population of Gilbert

266,971

CIT YGilbert

METROPhoenix

COUNT YMaricopa

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• US News & World Report Best Hospitals. Tied at #8 in Arizona and #6 in Phoenix. • Ranking Arizona. Three Dignity Health facilities have been named top 10 acute care hospitals

in Arizona from AZ Big Media. This list is based on how voters answered the question, “With whom would you recommend doing business?” from the 2019 edition of Ranking Arizona, the state’s most comprehensive business opinion poll. St. Joseph’s and Chandler Regional was placed first and second for hospitals with 268 or more beds. Chandler Regional came in at number two for the same category. Mercy Gilbert was third for hospitals with 267 beds or fewer. To read the article, click here.

• CareChex Award. #1 in the state and top in the nation and/or region for Pneumonia Care along with other medical excellence and/or patient safety awards.

• Critical Care Excellence Award - Healthgrades• Pulmonary Care Excellence Award – Healthgrades (3 years in a row, 2017-2019)• America’s 250 Best Hospitals - Healthgrades (2 years in a row, 2018-2019)America’s 100 Best Pulmonary Care - Healthgrades

Dignity Health Mercy Gilbert Medical Center is committed to providing the highest standards of care and healing the patient’s physical, emotional and spiritual needs. Focused on delivering compassionate care and improving quality of life, the hospital is a healing facility with a culture to match.Since opening in June 2006, Mercy Gilbert has achieved national recognition for its healing environment, leadership and efforts toward a healthier earth.As a designated Healing Hospital, Mercy Gilbert promotes a culture of compassionate care and re-minds staff why they chose health care as their line ofwork. All staff and employees must undergo extensive training in this philosophy.Mercy Gilbert is the fifth largest employer in the city of Gilbert.In 2014, Phoenix Children’s Hospi-tal opened a 22-bed pediatric unit insideMercy Gilbert.We are proud to be an important part of our local economy and an award-winning employer, and we try to give back to those who support us through our Community Grants Program. Our award-winning hospital is home to a full range of services, including cardiovascular, emergency care, family birth center, gastroenterology, sleep center, orthopedics, and diagnostic services, among others.

G I L B E R T M E R C Y H O S P I TA L2 0 1 9 A C C O L A D E S

G I L B E R T M E R C YH O S P I TA L

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P R O P E R T Y D E S C R I P T I O N

L O C AT I O N : Z O N I N G :

S I T E :

Y E A R B U I T :

L A N D A R E A :

F R O N TA G E & A C C E S S :

B U I L D I N G A R E A :

PA R C E L M A P :

T R A F F I C C O U N T S :

4828 S. Val Vista DriveGilbert, Arizona 85289

The Property is zoned by the City of Gilbert as SC (Shopping Center).

True Health Medical is located on the southwest corner of Val Vista Drive & Queen Creek Road in Gilbert, Arizona.

True Health Medical was built in 2007.

The Property consists of one parcel (APN 304-72-930) totalling 1.03 acres and 44,658 SF.

The center has excellent access along both Val Vista Drive & Queen Creek Roads .

The Property consists of one pad building totalling approximately 4,332 SF.

Val Vista Drive: 30,921Queen Creek Road: 16,885

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T E N A N T P R O F I L E

A B O U T U S :

S E R V I C E S :

W E B S I T E :

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The body is the most complex program in the world. Each ailment you experience is a part of a complex network of systems. Because of this, we take into account all of your symptoms when assessing you and examine the whole.

At True Health Medical, we believe that we are what medicine should be. Effective, realistic, and sustainable change. We provide the real solutions to your problems with our comprehensive and individualized solutions.

True Health Medical is a full service integrated Family Practice and Physical Medicine Clinic. We specialize in Head, Shoulders, Knees’ & Spine issues and everything in-between. Our team of Doctors and staff meet twice a day to discuss each patient that is being seen that day. We feel being of one mind in treating our patients is what creates the best of care for our amazing clients. We also treat anxiety, depression, allergies and much more. What sets us apart from our competition is our extremely friendly staff, patient education and the results we achieve with our programs. We spend time to teach our patients what true health is and we outline an individual plan to help them achieve their best. When you understand what’s wrong and what it takes to correct the underlying concerns patients will commit to a treatment plan that not only gets them feeling better fast but will allow them to remain symptom free for a much longer period of time. Some of the techniques we focus on in our clinic include: Trigger Point Injec-tions Spinal Decompression Digital Pulse Analysis (Complete Cardiovascular Evaluation) Deep Muscle Stimulation Acupuncture Gentle Chiropractic Adjustments Allergy treatments DMS Massage Nutrition Body Mass Index Doctor Supervised Weight-loss Programs And much, much more...

• Family Practice• Blood Panels• Corporate Wellness Plans• Stem Cells• True Health Medical Events• Migrainces• Knee Pain• Neck & Back Pain• Shoulder Pain• Arthritis• Allergies• Sports Injuries• Auto Injuries• Weight Loss

www.truehealthteam.com

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R E N T R O L LT e n a n t S F L e a s e L e a s e R e n t a l M o n t h l y A n n u a l N o t e s / O p t i o n s S t a r t D a t e E n d D a t e R a t e B a s e B a s e

TOTALS $150,000

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True Health Medical 4,332 TBD TBD $34.65 $12,500 $150,000 15 year corporate guarantee with 7 year personal guarantee 2% Annual increases

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DIS

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IMER

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of in-terest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchas-er, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photo-copied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future represen-tation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

INVESTMENT ADVISORS:

5343 N. 16th Street | Suite 100Phoenix | AZ480.425.5500

www.SVNDesertCommercial.com

Rommie MojahedDirector of Sales & Leasing

[email protected]

Beau FlahartSenior [email protected]