Northwest Healthcare

7890 N Cortaro Rd | Tucson, AZ

Case Study

The Northwest Healthcare is a free standing absolute NNN Medical Office Building leased to Northwest Hospital, LLC , the  dominant  healthcare  provider for the Tucson MSA. This  regional  healthcare  provider’s parent company  is   the  publicly – traded,  Fortune 500 company Community Health Systems, Inc. (NYSE: CYH). Northwest Primary and Specialty Care is a large multi-specialty physician  group  affiliated  with  Northwest Healthcare. With more than 80 providers and locations throughout the Tucson MSA.  This building was  constructed at the end of 2017 as a build-to-suit for Northwest Healthcare. The  lease  runs through the end of 2029 and calls  for  annual  rent  increases and  two-five-year options to extend . The population exceeds  84,000 residents  (5 – mile) with North Cortaro Road exceeding 26,900 vehicles per day.

 The University of Arizona is a significant economic driver in the metro Tucson MSA. In addition to the campus, the University also oversees Tech Parks Arizona, which operates the UA Tech Park at Rita Road, UA Tech Park at the Bridges and the Arizona Center for Innovation. These facilities offer more than 2 million square feet of high-tech office, R&D and laboratory space, employing 6,000 workers at companies that include Raytheon, IBM and Citi. Tucson has capitalized on its high-tech cluster program, spawning technology jobs and attracting high-tech companies with a focus on solar, aerospace and defense, bioscience, and information technology. Tourism contributes $2 billion in a typical year, with over 3.5 million annual visitors.

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