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29225676
29225675

5448 W White Mountain Blvd, Wagon Wheel, AZ 85929

DH
AZ CO701910000
Matthews
Listed by Matthews
$9,627,080
80 days on market
Updated 17 days ago

8.15% Cap | Ascension Affiliated Multi-Tenant ASC/MOB | NNN

Details
Property Type Retail, Office
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 33,050
Cap Rate 8.15%
NOI $784,607
Occupancy 100%
Tenancy Multi
Brand/Tenant Aspen Ridge Surgical and Medical Complex
Lease Type NNN
Rent Bumps Yes
Price per SqFt $291
Broker Co-Op Yes
Year Built 1999
Buildings 1
Stories 2
Acreage 1.870
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Net Lease Medical | Arizona | Health System Backed | Regional Healthcare Hub

Investment highlights

  • Institutional-Grade Healthcare Anchor — 37% of RSF occupied by Sunrise Ambulatory Surgery Center, which is majority-owned by AMSURG – one of the largest ASC operators in the country with over 250 locations across 34 states and D.C. It was announced that Ascension (Fitch: AA) – one of the largest health systems in the country – intends to acquire AMSURG in early 2026.

  • Recession-Resistant Property — Healthcare real estate remains insulated from economic downturns and e-commerce disruption that plague traditional retail.

  • Regional Healthcare Hub — Show Low serves as the medical hub for Arizona’s White Mountains, drawing patients from Lakeside, Show Low, and surrounding communities. The property is strategically positioned one mile from 101-bed Summit Healthcare Regional Medical Center—the largest hospital in a 100+ mile radius with a Level IV Trauma Center and a helipad. Limited competing medical inventory and stable demographics reinforce long-term healthcare demand.

  • Prime Location in Concentrated Corridor — Positioned on high-traffic W White Mountain Blvd (SR-260), the property benefits from excellent visibility, accessibility, and exposure to established residential neighborhoods, regional retail, and complementary medical uses. Major retailers, including Summit Healthcare Center, Virtus Health Centers, Walmart Supercenter, Lowe’s, Home Depot, and Safeway, are all just ±5 miles away.

  • Favorable Demographics – Per the U.S. Census Bureau, approximately 27.1% of Show Low’s population is 65 years of age or older.

  • Stable Investment — The ±33,050 SF property is backed by long-term NNN leases with over five (5) years WALT and 3% annual rent increases, providing predictable cash flow growth with minimal landlord responsibilities and operating expense risk.

Listing Contacts

DH
AZ CO701910000
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$784,607.00
$65,383.92/mo

Valuation Metrics

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DSCR
8.15%
Cap Rate
8.15%
ROI

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Additional Information

Name
David Harrington
License
BR715518000, CO701910000 (AZ)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Name
David Harrington
License
CO701910000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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