Tempe, AZ - Action Behavior Center

Description:

SRS Real Estate Partners is pleased to present the opportunity to acquire the leasehold interest in a newly leased, NNN investment property located within the Arizona State University Research Park in Tempe, Arizona. The tenant, Action Behavior Centers Therapy LLC, recently executed a new 10-year lease with two (2) additional 5-year renewal options, demonstrating their long-term commitment to the site. The lease features 2% annual rental increases throughout the primary term and options, driving consistent NOI growth and providing an inflation hedge. Between 2024 and 2025, $1.06M+ was invested into the property through landlord and tenant improvements, including an HVAC replacement and a full interior remodel to Action Behavior Centers’ brand specifications. With limited landlord responsibilities, this is an ideal low-management investment for a passive or out-of-state buyer,

The property is located directly across the street from Action Behavior Centers’ second corporate headquarters (“HQ 2.0”), underscoring the tenant’s operational commitment to this location. Positioned at the signalized, hard corner intersection of E. Elliot Road (33,700 VPD) and S. River Parkway (5,300 VPD), just off State Highway 101 (157,700 VPD), offering excellent visibility and access. As part of the ASU Research Park, home to 51 companies and over 6,700 employees, the site benefits from a professional, campus-like environment. Proximity to leading life sciences and behavioral health organizations fosters collaboration, referrals, and patient demand, strengthening tenant performance. The 5-mile trade area is supported by over 387,200 residents and 208,800 employees, with average household incomes exceeding $154,000 within one mile. Surrounded by established multifamily communities and located in the fast-growing Phoenix MSA, the property is well-positioned to benefit from continued population growth, economic expansion, and long-term demand for behavioral health services.

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Listing ID: a28TP000001oLGnYAM