Arizona College
Mesa, AZ
The Offering
Key Facts
- Address 163 N Dobson Rd, Mesa, AZ
- Price $7,769,000 ($324 PSF)
- Cap Rate 7.00%
- Building Square Feet ±24,000 SF
- Land Area ±2.33 Acres
- Year Built/Remodeled 2002; 2022
- Zoning LC, City of Mesa
- Parking ±5.75 per 1,000 SF
Investment Summary
Accredited Vocational School with Strong Track Record
Arizona College is a well-established medical technician training institution that was founded in 1991 - more than 33 years ago - and offers 23 campuses across 14 states, including four in Greater Phoenix. Current enrollment at the site is 259, with capacity to grow.
Stable Single-Tenant NNN Investment
The property has been leased to this reputable healthcare training provider since 2012, who just renewed for another seven years. The NNN lease includes 3.0% annual increases, offering investors solid growing returns, from reliable and passive income.
High-Quality Construction and Functional Layout
Built with durable, attractive materials, the facility was fully remodeled in 2022 and features an efficient single-story layout ideal for educational use.
Prime Central Location with Excellent Visibility
Located on Dobson Road near Main Street, the site offers strong street visibility and convenient access from across the Valley via Loop 101, Loop 202, and US Highway 60 that are nearby.
Exceptional Transit Access
Immediately adjacent to the Valley Metro Transit Center, including Light Rail, park-and-ride, and major bus routes, enhancing accessibility for students and staff.
