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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