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9424 N 25th AvePhoenix, AZ 85021
Thunderbird VA Clinic
Asset ClassOffice, Healthcare Facility
Call For Offers06/05/25
Lease-Term Remaining: 10 YearsCap Rate: 8%Deal Size: $6.63 MAccess Data Room
overview of deal

Overview

Opportunity to acquire a +19,209 SF single-tenant medical facility fully leased to the Department of Veterans Affairs under a new 10-year lease with 3% annual rental escalations. This highly specialized facility, dedicated to optometry, is strategically located on 2.13 acres in Phoenix, offering easy access to the Valley Metro Rail. It has a strategic advantage from its proximity to the Thunderbird Medical Center and the Midwestern University Arizona College of Optometry, which helps attract and sustain a skilled and specialized workforce. The property is secured with a full perimeter fence and a new, updated security camera system.

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Investment Highlights

  • Rare 3% annual escalations to total rent
  • New 10-year lease signed during current political administration
  • Full building renovation specifically constructed for the VA in 2008 with continued investment in the building since renovation
  • Specialized optometry facility that integrates into the Phoenix Veterans Affairs ecosystem
9424 N 25th AvePhoenix, AZ 85021

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Listing provided by Revere CRE