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Banner Urgent Care 21980 N 83rd Ave 5,165 SF Office Building Peoria, AZ 85383 $5,056,874 CAD ($979.07 CAD/SF) 5.46% Cap Rate
Investment Highlights
- Strong in-place cash flow with zero lease-up risk
- Exceptional access, visibility & daytime demand
- Credit-backed tenancy with recession-resistant demand
- Prime Peoria/Arrowhead submarket positioning
- Institutional-quality asset in a supply-constrained infill location
- Long-term lease, embedded rent growth & attractively priced entry point
Executive Summary
Fee Simple (Absolute NNN Lease).
Banner Urgent Care presents investors with strong in-place cash flow and zero lease-up risk. The tenant occupies 100% of the ±5,212 SF building on a NNN lease generating $195,039 in annual rent, offering dependable, management-light income with no vacancy drag. The property is positioned at the gateway to Peoria’s affluent northwest corridor, within the Peoria/Arrowhead submarket, where average household incomes exceed $121,203 within three miles. The site sits near Arrowhead Towne Center, Arizona’s second-highest performing regional mall at over $1,000 PSF in sales, and benefits from direct frontage on N 83rd Avenue with signalized access near the Loop 101, which carries 178,000 vehicles per day.
Banner Urgent Care presents investors with strong in-place cash flow and zero lease-up risk. The tenant occupies 100% of the ±5,212 SF building on a NNN lease generating $195,039 in annual rent, offering dependable, management-light income with no vacancy drag. The property is positioned at the gateway to Peoria’s affluent northwest corridor, within the Peoria/Arrowhead submarket, where average household incomes exceed $121,203 within three miles. The site sits near Arrowhead Towne Center, Arizona’s second-highest performing regional mall at over $1,000 PSF in sales, and benefits from direct frontage on N 83rd Avenue with signalized access near the Loop 101, which carries 178,000 vehicles per day.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,165 SF
Building Class
B
Year Built
2016
Price
$5,056,874 CAD
Price Per SF
$979.07 CAD
Cap Rate
5.46%
NOI
$276,269 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,165 SF
Building FAR
0.16
Lot Size
0.73 AC
Zoning
C-2
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 200-08-513 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $261,223 CAD |
Property Taxes
Parcel Number
200-08-513
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$261,223 CAD
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Banner Urgent Care | 21980 N 83rd Ave
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