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DOM: 54 Updated: 03.11.24 Posted: 12.01.23 Status: Sold 01.25.24

Summary

Price $2,560,000 $2,745,886
Built/Renov 2007/2023
Tenant Adventure ABA
Cap Rate 7.51% 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 8,500
Lease Start 02-14-2023
#Units 2
Price/SF $301.18 $323.05
Expiration 06-30-2033
Tenant Type Medical/Health
NOI $192,212
R. Term 8.1
Ownership Fee Simple
Rent/SF $22.61
Increases 2.7%/1/yrs
Pop 5Mi 254,580
Lot/AC 0.34
Options 2/5yrs
AHHI 5Mi $129,345

Lease Highlights

  • Adventure ABA has 9+ years remaining on the current lease term with 2 (5-year) options
  • Lease features 2.65% annual rental increases throughout the initial term and FMV ( no less than the previous year) at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Adventure ABA is strategically positioned on Bell Road, a major Phoenix thoroughfare with a daily a traffic count of 30,479 vehicles. The site enjoys a prime location near key routes, including Loop-101 (±131,586 VPD) and SR-51 (±83,914). Conveniently across from Tatum Point, a 178,209 SF shopping center housing national retailers such as Walmart Supercenter, Petco, and Big Lots, the property...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Adventure ABA
  • Guarantor:Corporate
  • Company:Adventure ABA, LLC
  • # Units:2
  • Stock:Private

About Tenant

Adventure ABA is an Arizona-based company that provides Applied Behavior Analysis (ABA) therapy for the treatment of Autism Spectrum Disorders and other developmental disabilities. Adventure ABA...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 16,728 122,515 259,806
2023 Total Population : 16,855 120,756 254,580
2023 Employed Civilian Pop : 9,334 67,924 140,810
2023 Total Businesses : 537 3,309 10,764
2023 Average Household Income : $ 133,598 $ 120,076 $ 129,345
2023 Total Consumer Spending : $ 767 M $ 5171 M $ 11921 M
2023 Median Age : 40 39 41
2023 Total Households : 6,725 50,058 107,500
2023 Pop Age 25+: Bachelor's Degree : 3,662 23,534 53,668
2023 Average Home Value : $ 518,847 $ 478,093 $ 508,680
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Bell Road E Woodridge Dr 2018 36,519 0.12 mi
E Bell Rd N 44th St 2015 36,721 0.20 mi
E Bell Rd N 48th St 2010 32,130 0.22 mi
N 44th St E Hartford Ave 2014 2,724 0.27 mi
N 48th St E Bell Rd 2010 30,416 0.31 mi
N 48th St E Angela Dr 2010 31,248 0.32 mi
E Bell Rd N 48th St 2010 31,078 0.34 mi
N 44th St E Kings Ave 2005 4,000 0.38 mi
E Grovers Ave N 46th St 2015 2,906 0.45 mi
North Tatum Boulevard E Angela Dr 2018 35,650 0.47 mi

Listing Broker

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