Overview
Introducing an exciting investment opportunity in the heart of Phoenix, Arizona – the Banner Health (Dark) property located at 9111 N 7th Street. This absolute NNN lease property offers a current NOI of $140,477.52. Situated at a high traffic intersection with over a combined 51,000 VPD, this property boasts excellent visibility and accessibility. With strong household incomes over $101,000 in a 3-mile radius and a densely populated trade area of approximately 361,157 residents in a 5-mile radius, the potential for success is undeniable.
The property features a ±4,264 SF building on ±0.96 acres (±41,733 SF) of land. The lease commenced on June 16, 2016, and has ±4 years remaining, with two five-year options and rent adjustment of 10% every 5 years. Don't miss this unique investment opportunity in Phoenix, Arizona.
Investment Highlights
INVESTMENT HIGHLIGHTS
• Absolute NNN Lease
• Corporate Guaranty
• Hard corner location
• Existing drive-thru
TENANT HIGHLIGHTS
• Banner Health is the largest employer in Arizona with over 50,000 employees
• Fitch and S&P have given Banner an investment grade credit rating of AA-
• ±500 locations of hospitals, clinics, and health services spanning over 6 states
• In 2022, Banner recorded total operating revenues of ±$12.7 billion
LOCATION HIGHLIGHTS
• High traffic intersection with over a combined 51,000 VPD
• ±0.5 miles from John C. Lincoln Medical Center (±441,672 SF Hospital)
• Densely populated trade area (±361,157 residents in a 5 mile radius)
• Strong household incomes over $101,000 in a 3 mile radius
Photo Gallery
