Single Tenant Mbi Medical Building

Highlights:

• Long Term Lease With Multi-Unit Medical Provider
• Goodyear is a Dynamic West Phoenix Suburb
• Annual 3% Rent Increases
• Triple Net

Description:

The subject property is a single tenant retail / medical building leased to MBI Industrial Medicine, Inc. located at 3328 North Litchfield Road in the west Phoenix suburb of Goodyear, Arizona.
The Property consists of a ± 6,060 sf, free-standing building on a ± 30,000 sf out-parcel in the fully occupied Palm Valley Marketplace Shopping Center. Co-tenants in the center include Safeway
Supermarket, Dollar Tree, UPS, Orangetheory Fitness, HR Block, Mathnasium, Whataburger and Wells Fargo Bank. Sharing this busy intersection at West Indian School Rd. are Walmart Neighborhood Market, Walgreens Drugstore, Primrose School, Big O Tires, Burger King, Dutch Bros. Coffee, Wilhelm Tire and Cobblestone Car Spa.
The ten year and four month, triple net lease commenced on May 1, 2023. Landlord responsibilities
are limited to roof and structure. The roof received a restorative seal coating and has a transferable,
ten year manufacturer’s and workmanship warranty. The building was painted in June 2026.
Rent increases annually by 3% throughout the lease term and two additional 5 year renewal options. The lease is executed by MBI Industrial Medicine, Inc. currently operating 12 Phoenix metro locations, providing occupational healthcare services to area employers and employees. The Company has expanded into the Colorado market with nine locations. The City of Goodyear continues its rapid growth, having recently exceeded a population of 100,000 residents. This investment opportunity is ideal for anyone seeking long-term, passive income from a regional medical services provider in a growing Phoenix suburb.

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