CAN Community Health | 491,533 Residents within 5-Miles
Infill Phoenix Location | 2% Annual Increases
Marketing description
New 15-year net lease to CAN Community Health, a rapidly growing nonprofit organization dedicated to providing comprehensive medical, dental, psychological, and social services.
Rare 2% annual rental increases in initial term and option periods, ensuring consistent income growth.
Tenant handles all taxes, insurance, and maintenance, excluding the structure, ideal for both out-of-area or local investors.
Tenant has had a presence in this neighborhood for 5+ years and relocated to expand.
CAN Community Health has extended its presence well beyond its headquarters in Florida, establishing clinics in states such as Texas, Arizona, Nevada, Virginia, and South Carolina.
CAN Community Health’s revenue has seen a substantial rise in recent years, with total revenues reaching a record $440 million.
This is a depreciable asset — please consult your CPA.
Rrenovated in 2022 with over $2M invested, the property features a 6,620-SF building on an efficient 0.53-acre parcel to accommodate for CAN Community Health’s ideal operational setting.
Investment highlights
- Excellent Community Health Location: Highly visible and easily accessible location along North 19th Avenue, a major north-south retail thoroughfare (28,400 AADT).
- Reliable Tenancy: CAN Community Health has extended its presence well beyond its headquarters in Florida, establishing clinics in states such as Texas, Arizona, Nevada, Virginia, and South Carolina.
- Ideal Demographic Base: The five-mile radius serves a populous region of 484,545, with an average annual household income of $99,186.
- Infill Phoenix: Infill location surrounded by dense residential neighborhoods and communities, ideal for a community health organization.
- Beneficial Proximity to Grand Canyon University: Two miles from Grand Canyon University (25,000+ on-site students), driving significant student and faculty traffic to the site.
- Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this CAN Community Health and Phoenix for steady concurrent growth.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
