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An 8,800 sq. ft. two-story property in Mesa, Arizona, is now available for purchase. The building offers a unique opportunity for behavioral health and outpatient treatment use, including methadone dispensing.
This property is fully leased, with existing rehab tenants operating on the ground floor and space available upstairs. The location is zoned for medical and behavioral health use, making it ideal for investors or treatment providers expanding in the Phoenix metro area.
| Category | Details |
|---|---|
| Address | 303 N Centennial Way, Suite 200, Mesa, AZ 85201 |
| Sale Price | $1,650,000 |
| Building Size | 8,800 sq. ft. (4,400 sq. ft. per floor) |
| Zoning | C-DT (Downtown Commercial) |
| Use | Methadone-dispensing, outpatient, or behavioral health services |
| Tenancy | 100% occupied (two rehab tenants; one relocation planned) |
| Cap Rate | 8.07% |
| NOI (Net Operating Income) | $133,107 |
| Lot / Parcel Number | 138-61-095 |
| Parking | City-owned permit parking adjacent to property + 52 public 3-hour spaces |
| Tenant | Space (SF) | Use | Lease Type | Notes |
|---|---|---|---|---|
| Choice Recovery | 4,400 | Outpatient Rehab | Gross (Month-to-Month) | Occupies upstairs suite |
| Physical Therapy | 2,200 | Healthcare | Gross | Ground-floor suite |
| Project Impact Recovery (Pending) | 2,200 | Outpatient Rehab | NNN | 12-month lease pending |
Located in Downtown Mesa, minutes from Main Street and the light rail station.
Zoned for Methadone treatment, suitable for outpatient or MAT programs.
Surrounded by healthcare, hospitality, and government offices.
Large adjacent parking field (permit-based) and additional public parking.
Proximity to Mesa Convention Center, Phoenix Marriott, and Mesa Amphitheatre.
Strong local population growth (+9% projected in 5 years).
Corner of University Drive and Centennial Way, near Center Street.
Adjacent to Mesa’s entertainment and business corridor.
Choice IOP currently operates in the building.
This corridor has seen increasing behavioral health investment due to zoning flexibility and city support for healthcare development.
| Metric | Value |
|---|---|
| Price per SF | $187.50 |
| Annual NOI | $133,107 |
| Cap Rate | 8.07% |
| Expense Load | $5.62/SF (taxes, insurance, utilities, CAM) |
The property offers steady returns for investors focused on behavioral health and addiction treatment real estate.
This property is listed publicly through third-party representation. Addiction-Rep is not the listing or selling agent and does not facilitate property inquiries. Information provided is for industry awareness and investor research only. Interested parties should verify all details and contact the representing brokerage directly through official public listings.
