4620 E CAMP LOWELL DR Tucson AZ 85712-1296

Overview

Peranich Huffman Net Lease Group and Anchor Net Lease are pleased to exclusively present for sale the Camp Lowell Surgery Center located in Tucson, AZ. The offering provides investors with an opportunity to acquire a single-tenant ambulatory surgery center occupied by a nationally recognized healthcare system operator under an absolute net lease structure. Located at 4620 E Camp Lowell Dr in Tucson, AZ, the 16,268-square-foot facility sits on 1.36 acres and is 100% occupied with 10 years of lease term remaining through March 31, 2036. The subject property benefits from the operational stability and creditworthiness of Tenet Health, one of the largest investor-owned healthcare systems in the United States. Strategically positioned approximately two miles from Tucson Medical Center, the facility is purpose-built for surgical services and features 7 operating rooms, an 8-bed pre-op area, 10 post-op bays, sterilization facilities, administrative and office space, and a backup generator — underscoring its essential role in the regional healthcare continuum. The tenant’s recent commitment of $2 million toward a full HVAC system overhaul further demonstrates long-term operational intent and alignment with the property.

Lease

Camp Lowell Surgery Center, LLC has 10 years of lease term remaining, with a lease expiration date of March 31, 2036. The tenant occupies the entirety of the 16,268 square foot facility and generates $747,027 in annual base rent under an absolute net lease structure. Rental rates escalate at 2.50% annually for the remainder of the primary term. The tenant has retained all four (4) 5-year renewal option periods, each carrying fixed 2.50% annual escalations — a particularly favorable structure given the tenant’s demonstrated commitment to the site, evidenced by the $2 million HVAC capital investment.

Tenant

Camp Lowell Surgery Center, LLC is a joint venture between Tenet Health (50%) and physician partners (50%), a structure common among high-performing ambulatory surgery platforms that aligns operator and clinician incentives. Tenet Health, the managing operator, is a Fortune 500 healthcare company operating dozens of ambulatory surgery centers and hundreds of hospitals and outpatient facilities across the United States. With revenues exceeding $20 billion annually, Tenet provides institutional-grade credit backing and deep operational infrastructure to the tenancy. The facility has been operational under Tenet’s management since 2015, establishing a proven track record at this location within Tucson’s growing medical corridor.

Absolute Net Lease with Favorable Rent Growth

The offering delivers $747,027 in annual base rent under an absolute net lease, with fixed 2.50% annual escalations throughout both the primary term and all renewal periods. This structure eliminates landlord expense exposure while providing predictable, inflation-hedged income growth across a potential lease horizon extending to 2056.

Demonstrated Tenant Commitment

The tenant’s recent $2 million capital investment in a full HVAC system overhaul signals deep operational intent well beyond the primary lease term. Combined with the retention of all four (4) 5-year renewal options, this level of reinvestment is a compelling indicator of a tenant that views this facility as a core, long-term operating location.

Established Medical Corridor Location

Situated approximately two miles from Tucson Medical Center — southern Arizona’s largest

full-service hospital — the property benefits from its position within one of Tucson’s most concentrated healthcare submarkets. The surrounding area along E Camp Lowell Dr includes complementary medical and professional tenants, reinforcing the property’s role as an embedded component of the regional healthcare infrastructure.

Institutional-Grade Healthcare Tenancy

Camp Lowell Surgery Center, LLC is operated by Tenet Health, a Fortune 500 healthcare company with revenues exceeding $20 billion annually and one of the largest investor-owned health systems in the United States. The 50/50 joint venture structure between Tenet and its physician partners aligns operator & clinician incentives, a hallmark of high-performing ambulatory surgery platforms.

Purpose-Built Facility with High Replacement Cost

Constructed in 2005, the 16,268-square-foot facility was purpose-built for high-acuity ambulatory surgical use and features 7 operating rooms, an 8-bed pre-op area, 10 post-op bays, sterilization capabilities, and a backup generator. The specialized nature of the build-out creates a high barrier to tenant relocation and represents a significant replacement cost, providing investors with an operationally critical asset that commands long term occupancy.