Listed by Matthews
$9,500,000
8.26% Cap | Ascension Affiliated Multi-Tenant ASC/MOB | NNN
Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 33,050
Cap Rate 8.26%
NOI $784,607
Occupancy 100%
Tenancy Multi
Brand/Tenant Aspen Ridge Surgical and Medical Complex
Lease Type NNN
Rent Bumps Yes
Price per SqFt $287
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
- Stable Investment – The ±33,050 SF property is backed by long-term NNN leases with over four (4) years WALT and 3% annual rent increases, providing predictable cash flow growth with minimal landlord responsibilities and operating expense risk.
- 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 -acquired AMSURG in June of 2026. The acquisition brings Sunrise under one of the highest-rated health system platforms in the country.
- 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, Virtous Health Centers, Walmart Supercenter, Lowe’s, Home Depot, and Safeway, are all just ±5 miles away.
- Tenant Investment in Location – Medical practices rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.
- Concentrated Corridor – The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Walmart Supercenter, Lowe’s, The Home Depot, Walgreens, Summit Healthcare Center, Virtous Health Centers, Safeway, Blue Ridge High School, Torreon Golf Club, and Show Low Regional Airport, 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.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$784,607.00
$65,383.92/mo
Valuation Metrics
0
DSCR
8.26%
Cap Rate
8.26%
ROI
Map
Zoning
C-R MixedMixed UseCommercial Residential Zoning District
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View all 100 uses Last updated Feb 4, 2026 For deeper zoning details, reports are available at Zoneomics
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