Overview
Matthews™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a multi-tenant medical complex located in Lakeside, Arizona. The 33,050 square foot property is leased primarily under NNN leases with 3% annual escalators and a weighted average remaining lease term of over five (5) years. The property is anchored by Sunrise Ambulatory Surgical Center, a modern, state of the art multi-specialty surgery center that is majority-owned by AMSURG - one of the largest ASC operators in the country with over 250 locations across 34 states and D.C. It was announced that Ascension (Fitch: AA) - one of the largest health systems in the country - acquired AMSURG in June of 2026. The acquisition brings Sunrise under one of the highest-rated health system platforms in the country. Sunrise leases the space through July 2029. The property is also occupied by COPA Health which leases 37% of the rentable square footage through December 2032. COPA Health is a 14-unit healthcare provider with over 500 employees, funded by federal, state, and county sources with this location specifically providing behavioral health services. Other services offered at the property include ENT, dental, and imaging, making this a well diversified multispecialty property.
The property is strategically located five (5) miles south of Show Low in Navajo county which has a population of 106k people. Show Low serves as the medical hub for the Arizona White Mountains. Furthermore, the property advantageously sits just one mile south of the 101-bed Summit Healthcare Regional Medical Center, the largest hospital in a 100+ mile radius. The hospital is a Level IV Trauma Center with a helipad. The substantial distance between the White Mountains and the largest metropolitan areas in Arizona make Show Low/Lakeside a critical healthcare hub to serve the surrounding population
Investment Highlights
- Stable Investment — The ±33,050 SF property is backed by long-term NNN leases with over four (4) years WALT and 3% annual rent increases, providing predictable cash flow growth with minimal landlord responsibilities and operating expense risk.
- Institutional-Grade Healthcare Anchor — 37% of RSF occupied by Sunrise Ambulatory Surgery Center, which is majority-owned by AMSURG - one of the largest ASC operators in the country with over 250 locations across 34 states and D.C. It was announced that Ascension (Fitch: AA) - one of the largest health systems in the country - acquired AMSURG in June of 2026. The acquisition brings Sunrise under one of the highest-rated health system platforms in the country
- Recession-Resistant Property — Healthcare real estate remains insulated from economic downturns and e-commerce disruption that plague traditional retail.
- Regional Healthcare Hub — Show Low serves as the medical hub for Arizona’s White Mountains, drawing patients from Lakeside, Show Low, and surrounding communities. The property is strategically positioned one mile from 101-bed Summit Healthcare Regional Medical Center—the largest hospital in a 100+ mile radius with a Level IV Trauma Center and a helipad. Limited competing medical inventory and stable demographics reinforce long-term healthcare demand.
- Prime Location in Concentrated Corridor — Positioned on high-traffic W White Mountain Blvd (SR-260), the property benefits from excellent visibility, accessibility, and exposure to established residential neighborhoods, regional retail, and complementary medical uses. Major retailers, including Summit Healthcare Center, Virtus Health Centers, Walmart Supercenter, Lowe’s, Home Depot, and Safeway, are all just ±5 miles away.
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