South Central Medical Center

7004-7014 South Central Avenue

Phoenix, AZ 85042

Class "A" Retail Neighborhood Center

Year built 1964, the center consists of 2.4 acres and 12,000 SF.

Available for Lease By Owner

602-380-8080

Property Description

South Central Medical Plaza is an opportunity to purchase a 100% occupied medical/dental plaza with an additional +/- 1.72 acres of undeveloped land and parking lot. The major tenant, Tooth Doctor for Kids, recently extended their lease and has 6 locations throughout the Valley. Their parent company is American Dental Partners with locations in 21 states. South Central Medical Plaza benefits from its infill location and exposure along Central Avenue just minutes from Sky Harbor International Airport and Downtown Phoenix. The property has ample parking and has proven to serve a need in the community. At a 7.5% CAP rate with the ability to build on the additional land, this investment appeals to both the stabilized and upside investor.

Highlights

Stable Tenancy with the Recent Renewal of American Dental Partners, Inc with offices in 21 States (tenant since 1994)
Opportunity for Upside with Approximately 1.5 Acres of Land Available for $500,000
Recently Upgraded Exterior with Terrific Curb Appeal Along Central Avenue
$200,000 in Recent Capital Improvements - Including New Digital Monument Sign
Prominent Monument Signage with a New, Dual-Sided Digital Sign
Strong Traffic of 25,000