MomDoc at the Enclave - Tempe AZ
Office | 7.00% CAP | 4,169 SqFt
Marketing description
This location features a 4,169-square-foot medical office condominium, fully leased to MomDoc, LLC—an established and highly regarded medical practice with 37 years of success and multiple locations throughout the Valley. The tenant currently has three years remaining on an occupancy extension with a guaranteed triple-net lease, providing stable income.
Constructed in 2009, The Enclave showcases superior craftsmanship and high-quality construction. The interior space was thoughtfully designed with premium finishes tailored to the tenant's needs, creating a modern and professional medical environment. Ideally positioned with direct visibility from Priest Road, the property benefits from excellent exposure and accessibility in a thriving corridor.
Positioned just north of the northwest corner of Broadway Road and Priest Drive, the subject property offers a highly strategic, central Valley location. Its proximity to major transportation routes—including the 143 Expressway, I-10, I-17, US 60, and Loop 202—ensures seamless connectivity throughout the metropolitan area. Additionally, the property is only minutes from Arizona State University and Phoenix Sky Harbor International Airport, enhancing both convenience and accessibility for tenants and visitors alike.
Investment highlights
- Year 1 NOI - $72,972
- CAP Rate - 7.0%
- Lease Expiration - May 2029
- NNN Lease with Corporate Guaranty
- Local Credit Medical Tenant
- APN 124-58-141 and 124-58-142
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