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33757320
33757319

1634 So. Priest Dr., Bldg. 3 , Suites 101-102, Tempe, AZ 85281

LR
AZ BR523248000, UT 5480784
Pierpont Realty Group, LLC
LR
AZ AZ BR523248000, UT 5480784-PB
Pierpont Realty Group
Listed by Pierpont Realty Group, LLC, Pierpont Realty Group
$1,049,000
1 day on market
Updated 1 day ago

MomDoc at the Enclave - Tempe AZ

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,169
Net Rentable (SqFt) 4,169
Cap Rate 7.00%
NOI $72,972
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 05/31/2029
Remaining Term 2.9
Price per SqFt $252
Class B
Year Built 2009
Zoning I-1, City of Tempe
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/25/2019
Sale Condition N/A

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

Listing Contacts

LR
AZ BR523248000, UT 5480784
Pierpont Realty Group, LLC
LR
AZ AZ BR523248000, UT 5480784-PB
Pierpont Realty Group
Listed by Pierpont Realty Group, LLC, Pierpont Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$72,972.00
$6,081.00/mo

Valuation Metrics

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DSCR
6.96%
Cap Rate
6.96%
ROI

Map

Zoning

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GID IndustrialGeneral Industrial District
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Last updated Apr 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Lance Richards
License
BR523248000
Brokerage
Pierpont Realty Group, LLC
Brokerage Phone
4802064565
Title
Broker of Record
Brokerage Address
4852 E. Baseline Rd., #150, Mesa, AZ 85206
Name
LANCE RICHARDS
License
BR523248000
Brokerage
Pierpont Realty Group, LLC
Brokerage Phone
480-206-4565
Title
Principal Broker
Name
Lance Richards
License
AZ BR523248000
Brokerage
Pierpont Realty Group
Brokerage Phone
4802064565
Title
Principal Broker
Brokerage Address
4852 East Baseline Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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