NNN Medical-Retail Investment within Higley Parks Commons

1459 S Higley Rd Gilbert, AZ 85296

  • 10,098 Square Feet
  • Healthcare-Medical Retail
  • For Sale

Summary Description

Investment opportunity to acquire a fully-occupied, freestanding retail/medical office building on a frontage pad within Higley Park Commons Business Park at 1459 S. Higley Road, Gilbert, Arizona. Property features a highly visible, fully occupied three-tenant building, comprising approximately 10,098 square feet. Sale price is $2,921,000.

Property is 100 percent occupied with desirable, long-term leased, seasoned tenants, including Affiliated Dermatology, Niki’s Place Veterinarian and Snap Fitness. Download the Offering Memorandum for full details.

The city of Gilbert is ranked as the 52nd fastest growing U.S. city and leads Arizona in population and income growth. Gilbert has grown at an extremely high rate, increasing population from only 5,717 in 1980 to over 247,000 population estimate for 2017.

The median age is 33.6, and 71 percent of the population are under the age of 45. Gilbert provides an abundant pipeline of workers to support the growth of business and industry. 72.6 percent of Gilbert’s psychographic make-up consists of up-and-coming families, with a median household income of $105,000.

Price: $2,921,000.00

Area Available: 10,098 Square Feet

Zoning

C, city of Gilbert (office-retail users)

Year Built

2007

Parking

5/1,000

Features:

  • Rare triple net (NNN) medical/retail investment opportunity in Gilbert, Arizona
  • Average 5/1,000 parking ratio; approximately 51 spaces plus four covered spaces
  • Excellent demographics, with over 243,000 residents within five-mile radius with $94,408 average household income
  • 49,174 vehicles per day at Higley Road and Ray Road
  • Located on a high visibility frontage arterial street with excellent access to the Loop 202 San Tan Freeway
  • Strategically located across the street from the remarkable Agritopia Epicenter (under construction), featuring 287 luxury apartments with 55,000 square feet of high-end retail shops
  • Within five minutes to Phoenix-Mesa Gateway Airport and just 17 miles to Sky Harbor International Airport
  • Property is positioned perfectly in a high-growth corridor of Gilbert, with proximity to major employers

Property Experts

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