Investment Offering
Chandler, AZ - Heartland Dental Pad
4920 S. Alma School Road | Chandler, AZ 85248
$1,700,000
Price3.36%
Cap Rate$57,102
NOI3,694
± SF Offering GLA0.61
± AC Land AreaDescription
SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a medical office building owner/user or investment property located in Chandler, AZ. The property is currently partially occupied by Heartland Dental (dba Lakeside Dental Care), which has recently signed a new 5-year extension demonstrating the tenant’ commitment to the site. The tenant has 2 remaining (5-Year) options to extend its lease, and the lease features scheduled rental increases during the initial term, growing NOI and hedging against inflation. Leases are NNN in nature limiting expense leakage for a future investor. The tenant is affiliated with the owner of the building, making this property a potential owner/user opportunity for a prospective medical operator.
Location
The property is located near the signalized, hard corner intersection of W Powell Way and S Alma School Road, featuring 12,600 vehicles passing by daily. The property is located as an outparcel to Ocotillo Center, a 100,000 Square foot retail center anchored by Safeway. The property is on a contiguous pad with a busy McDonald’s (Average 6,133 visits per month). Moreover, the site sits across the street from a 90,000+ square foot retail center. Other nearby national/credit tenants include Target, The Home Depot, Lowe’s Home Improvement, LA Fitness, and more. Strong surrounding tenant synergy increases consumer draw to the overall trade area and promotes crossover exposure for the site. The subject site is located in a residential housing dominated area, creating a direct consumer base from which to draw. The property is located adjacent to Snedigar Sports Complex, a 90-acre recreational facility, providing further exposure for the site. The 5-mile trade area is supported by over 151,000 residents as well as 50,000 employees, and features an affluent average household income of $122,618.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215