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30888873
30888870

3655 E. 2nd Street, Tucson, AZ 85716-4346

HA
Tucson Realty & Trust Co. AZ BR00721500
Tucson Realty and Trust Co
Listed by Tucson Realty and Trust Co
$3,310,000
87 days on market
Updated 86 days ago

Recovery in Motion

Details
APN 125-11-0800
Property Type Office
Sub Type Medical Office
Square Footage 11,259
Cap Rate 8.50%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Price per SqFt $294
Broker Co-Op Yes
Class C
Year Renovated 2023
Buildings 3
Stories 1
Lot Size (SqFt) 39,517
Zoning 0-3 City of Tucson
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

10 yr lease back at $25/SF NNN, 8.5% cap rate

Marketing description

The Tenant will sign a 10 year NNN lease at $25.00 / SF. In addition, they will pay the first year’s rent in advance. At $3,310.000 this represents a first-year cap rate of 8.5%!!! Here is an opportunity to purchase a recently refurbished office/medical facility in which ownership desires to do a sale/leaseback located at 3655 E. 2nd St. in Tucson, Arizona.

The Tenant, Recovery in Motion (RIM), established in 2015, is a professionally operated mental health and addiction treatment provider for individuals addressing substance use and behavioral health challenges. The organization is guided by leadership with deep recovery and industry experience of over 77+ years, and services are delivered by a multidisciplinary clinical team that includes physicians, licensed therapists, social workers, psychologists, and psychiatrists that enhances program stability and reputation within the local healthcare community.

The tenant maintains consistent occupancy and predictable facility utilization. This use benefits from scheduled clinical operations resulting in steady, low-disruption property use. Recovery in Motion presents not only an established need in Tucson, but a compelling opportunity backed by an essential and experienced healthcare provider positioned for continued growth.

Listing Contacts

HA
Tucson Realty & Trust Co. AZ BR00721500
Tucson Realty and Trust Co
Listed by Tucson Realty and Trust Co

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