Phoenix Office for Sale - Glendale
Medical/Office - 10Year NNN Investment
9150 W Indian School Rd, Bldg. 5, Phoenix, AZ 85037
Parcel Code: 102-18-801
Price: $4,965,600.00
Suite Size: Approximately 8,276 SF of fully built-out interior space.
Building Type: Medical Office
Year Built: 2005
Zoning: C-1
The lease is an Absolute Triple-Net (NNN) lease with AMIS LLC as the tenant, guaranteed by a personal guarantee from an individual with an estimated $40M net worth. The lease term is 10 years, commencing on October 1st, 2025, and expiring on September 30th, 2035. It includes 3% annual rental increases and renewal options for 5 or 10 years. Both roof and structure responsibilities fall under the HOA/Tenant.
Property Highlights:
- Turnkey Medical Buildout: Fully built-out medical office space featuring 14 provider rooms and 4 restrooms, ideal for immediate occupancy.
- Single-Story Layout: Easy ground-level access, perfect for patients and clients.
- Class B Construction: Professionally maintained with modern finishes and amenities.
- Ample Parking: Generous surface parking including covered spaces, ensuring convenience for staff and visitors.
- Excellent Visibility & Accessibility: Prominent frontage on W Indian School Rd, with seamless access to Loop 101 and surrounding arterial roads.
- Signage Opportunities: Building and monument signage available to enhance tenant visibility and branding.
Thriving Tenant Mix: Surrounded by complementary medical and professional tenants, supporting strong referral networks.
Investment Highlights:
- A 10-year Triple Net (NNN) Lease.
- 3% annual rental escalations.
- Significant capital investment in specialized medical buildout and infrastructure.
- A strategic location along Indian School Road in Phoenix's West Valley.
- A dense trade area characterized by strong population growth and household income.
- Excellent visibility with arterial access and potential for prominent building/monument signage.
- Surrounded by established residential neighborhoods and expanding developments.
Demographics and Location Overview:
The location benefits from strong demographics. Within a 1-mile radius, the projected population for 2029 is 21,657, with an estimated 19,674 in 2024, showing a 10.08% growth. Average household income for 2024 is estimated at $65,552 within 1 mile. Similar growth and income trends are observed in 3-mile and 5-mile radii.
The property's location offers proximity to several key amenities and transportation hubs:
- 6.5 miles to Wigwam Golf Club.
- 3.6 miles to Desert Sky Mall.
- 8.2 miles to Grand Canyon University.
- 17.4 miles to Phoenix Sky Harbor International Airport.
It is situated just east of Loop 101 and a short drive from Interstate 10, providing connectivity to Downtown Phoenix, Glendale, and Goodyear. The surrounding area includes a mix of medical, office, and retail users, with convenient access to services like QuikTrip, Starbucks, and various healthcare providers.
