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Urgent Care Center-Free Standing Building 1804 W Elliot Rd 3,700 SF Office Building Tempe, AZ 85284 $1,768,530 CAD ($477.98 CAD/SF) 6.90% Cap Rate



Investment Highlights
- ±3,700 SF freestanding, fully improved medical building
- Flexible use potential: medical, general office, or retail
- Signalized intersection with excellent ingress/egress
- Close proximity to I-10 and the Superstition Freeway system
Executive Summary
Rare Owner-User Medical / Office / Retail Opportunity – High Visibility Corner | Tempe, AZ
A rare opportunity for an owner-user to acquire a fully improved, freestanding commercial building with near-term occupancy in one of Tempe’s most active commercial corridors.
Located at 1804 W. Elliott Rd, this ±3,700 SF former HonorHealth / FastMed Urgent Care facility sits on a 0.69-acre corner parcel at the signalized intersection of Elliott Rd and S. Harl Ave / Autoplex Loop, just seconds from the I-10 (Maricopa Freeway) Elliott exit. The property offers outstanding visibility, high traffic exposure, and excellent accessibility, making it ideal for medical, office, or retail users seeking a strong presence and convenient access for customers and employees.
Owner-User Advantage
This property is currently leased to HonorHealth on a triple net (NNN) basis through May 2027, with approximately 1.1 years remaining. The tenant has indicated no intention to renew, creating a highly desirable near-term owner-user acquisition opportunity.
Acquire today, benefit from interim income, and plan for occupancy in the near future—a strategic solution for businesses looking to transition from leasing to ownership without immediate disruption.
Property Highlights
±3,700 SF freestanding, fully improved medical building
0.69-acre corner parcel with strong street presence
Signalized intersection with excellent ingress/egress
High visibility and traffic exposure along Elliott Rd corridor
Close proximity to I-10 and the Superstition Freeway system
Flexible use potential: medical, general office, or retail
Ample on-site parking (approx. 10/1,000 SF)
Built-out interior minimizes downtime and capital costs
Listing Broker: JENIFER ROSE, CDMB - AZ, CO, NB and NM, eXp Commercial Real Estate Services Cell: 602.576.0911
Jenifer.Rose@expcommercial.com
A rare opportunity for an owner-user to acquire a fully improved, freestanding commercial building with near-term occupancy in one of Tempe’s most active commercial corridors.
Located at 1804 W. Elliott Rd, this ±3,700 SF former HonorHealth / FastMed Urgent Care facility sits on a 0.69-acre corner parcel at the signalized intersection of Elliott Rd and S. Harl Ave / Autoplex Loop, just seconds from the I-10 (Maricopa Freeway) Elliott exit. The property offers outstanding visibility, high traffic exposure, and excellent accessibility, making it ideal for medical, office, or retail users seeking a strong presence and convenient access for customers and employees.
Owner-User Advantage
This property is currently leased to HonorHealth on a triple net (NNN) basis through May 2027, with approximately 1.1 years remaining. The tenant has indicated no intention to renew, creating a highly desirable near-term owner-user acquisition opportunity.
Acquire today, benefit from interim income, and plan for occupancy in the near future—a strategic solution for businesses looking to transition from leasing to ownership without immediate disruption.
Property Highlights
±3,700 SF freestanding, fully improved medical building
0.69-acre corner parcel with strong street presence
Signalized intersection with excellent ingress/egress
High visibility and traffic exposure along Elliott Rd corridor
Close proximity to I-10 and the Superstition Freeway system
Flexible use potential: medical, general office, or retail
Ample on-site parking (approx. 10/1,000 SF)
Built-out interior minimizes downtime and capital costs
Listing Broker: JENIFER ROSE, CDMB - AZ, CO, NB and NM, eXp Commercial Real Estate Services Cell: 602.576.0911
Jenifer.Rose@expcommercial.com
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$122,281
|
$33.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $122,281 |
| Annual Per SF | $33.05 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,700 SF
Building Class
A
Year Built
1997
Price
$1,768,530 CAD
Price Per SF
$477.98 CAD
Cap Rate
6.90%
NOI
$122,029 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,700 SF
Building FAR
0.12
Lot Size
0.69 AC
Zoning
I-1, Tempe - Zoning: I-1 – Light Industrial, Permitted & Typical Uses Include: Retail-Office-Medical, Research & Development / Technology, Showroom / Flex
Amenities
- 24 Hour Access
- Banking
- Bio-Tech/ Lab Space
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- HonorHealth
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| HonorHealth | Health Care and Social Assistance | - | - | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 3,700 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,700 SF | Office | - | Now |
1st Floor
| Size |
| 3,700 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 301-41-134C | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $165,631 CAD |
Property Taxes
Parcel Number
301-41-134C
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$165,631 CAD
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Urgent Care Center-Free Standing Building | 1804 W Elliot Rd
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