4620 N 16TH ST Phoenix AZ 85016-5121

A rare, first-generation healthcare delivery in the heart of Phoenix’s medical core — a market defined by institutional stability, top-tier hospital density, and high-income demographics. Anchored by Fresenius Kidney Care and AKDHC, Arizona’s leading nephrology group, the newly developed two-story, 39,165 SF facility aligns diagnosis, surgery, and dialysis under one roof, creating a fully integrated renal care ecosystem purpose-built for long-term performance.

Positioned along a major north–south artery connecting directly to State Route 51—the property sits just 0.6 miles from Phoenix Indian Medical Center, within one of the city’s most clinically active and permanently anchored healthcare corridors. Surrounded by major acute care hospitals including Banner University Medical Center, St. Joseph’s, and Abrazo Heart Hospital, FMC Biltmore occupies a high-acuity trade zone that ensures constant patient flow and enduring relevance to Phoenix’s medical network.

Delivering into a high-barrier infill environment where 95% of medical inventory predates 2005, the property provides investors with a new-construction, zero-deferred-capital opportunity in a city consistently ranked among the top U.S. markets for healthcare employment and population growth. All tenants operate under corporate-guaranteed, long-term NNN leases, ensuring predictable, inflation-protected income from two of the most established healthcare operators in the Western U.S.

With its institutional tenancy, modern infrastructure, and irreplaceable infill location, the property stands as a best-in-class medical investment in one of the nation’s most resilient and demographically advantaged metros.

• Fully Integrated Renal Care Ecosystem | 2025 Build-to-Suit Construction
  Fresenius Kidney Care, AKDHC Surgery Center, and AKDHC Physicians Clinic operate within a two-story, 39,165 SF state-of-the-art medical facility. The property is 100% leased, creating an aligned renal care platform for diagnosis, access procedures, and long-term dialysis treatment.

• Long-Term NNN Leases with Corporate Guarantees
  Fresenius signed a 15-year lease term with 1.5% annual increases starting year 4, backed by a corporate guaranty from Fresenius Medical Care Holdings, Inc. AKDHC signed two 12-year leases with 2% annual increases, each guaranteed by Arizona Kidney Dialysis Hypertension Clinics.

• Industry Leading Tenants with Aligned Patient Retention
  Fresenius operates 6,475+ clinics globally, and AKDHC is Arizona’s largest nephrology provider with 6,000+ active patients. Together they establish a closed-loop platform that supports long-term tenant stability and referral retention.

• Rare Phoenix Infill Development
  The property delivers brand new construction in a built-out urban market where new development is increasingly limited. Its infill location provides visibility, patient accessibility, and longevity backed by Phoenix’s sustained population and employment growth.

• High-Exposure Frontage along N 16th Street | 33,427+ Vehicles Per Day
  Direct visibility from N. 16th Street, a primary north–south corridor. The property sits mid block between E. Highland Avenue and E. Meadowbrook Avenue, both high-traffic east-west arterial roads.

• Embedded Within High-Acuity Medical Cluster — Near Eight Acute Care Hospitals
  St. Joseph’s, Banner University, Phoenix Children’s, Abrazo Heart, VA Medical Center, and additional specialty hospitals create a permanent healthcare gravity zone surrounding the asset.

• Top 5 U.S. Growth Market with High-Income Demographics
  The surrounding trade area reports $111K average household income within one mile and $132K within three miles, supported by an 18% population increase since 2015 and sustained inbound migration from high-cost coastal markets.

• Healthcare as Phoenix’s Largest Employment Sector — 300,000+ Professionals
  Healthcare generates over $30 billion in annual economic output and stands as Phoenix’s largest employment category, reinforcing long-term outpatient demand and healthcare tenancy stability.