Single-Tenant Office Medical
UPMC Primary Care & Lab Services | New 10-Yr NNN Lease | Recent Facility Expansion
1550 Rodney Road, York, PA 17408
Listing Price: $3,000,000
Cap Rate
6.70%
Tenant Name
UPMC
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.10
Investment Overview
Single Tenant Medical NNN
UPMC Primary Care & Lab Services | New 10-Yr NNN Lease | Recent Facility Expansion
Investment Highlights
- • 10-Year Lease Extension to Commence January 2025 • New Extension Allows UPMC to Expand Footprint in Building to 100%
- • Landlord Friendly Lease Structure • Triple Net Lease Provides Ownership with Passive Investment
- • Synergistic Multi-Specialty Medical Facility • UPMC Provides Primary Care & Lab Services at Location
- • Significant CapEx Invested by Tenant & Landlord • $777,000+ Capital Improvements Made by Tenant • Parking Lot Completely Replaced by Landlord in 2024
- • Annual Rental Increases Provides Hedge Against Inflation • 2.5% Annual Rental Increases Scheduled Throughout Current Term
- • Ideal Location Adjacent from UPMC Memorial Hospital • 104-Bed 2019 Construction Hospital with All Private Patient Rooms
- • UPMC is the Largest Hospital System in Pennsylvania • 40 Hospitals with 8,000+ Licensed Beds and 800+ Clinical Locations
Broker of Record
Financing By
Single-Tenant Office Medical
UPMC Primary Care & Lab Services | New 10-Yr NNN Lease | Recent Facility Expansion
Listing Price: $3,000,000
Cap Rate
6.70%
Tenant Name
UPMC
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.10
Investment Highlights
- • 10-Year Lease Extension to Commence January 2025 • New Extension Allows UPMC to Expand Footprint in Building to 100%
- • Landlord Friendly Lease Structure • Triple Net Lease Provides Ownership with Passive Investment
- • Synergistic Multi-Specialty Medical Facility • UPMC Provides Primary Care & Lab Services at Location
- • Significant CapEx Invested by Tenant & Landlord • $777,000+ Capital Improvements Made by Tenant • Parking Lot Completely Replaced by Landlord in 2024
- • Annual Rental Increases Provides Hedge Against Inflation • 2.5% Annual Rental Increases Scheduled Throughout Current Term
- • Ideal Location Adjacent from UPMC Memorial Hospital • 104-Bed 2019 Construction Hospital with All Private Patient Rooms
- • UPMC is the Largest Hospital System in Pennsylvania • 40 Hospitals with 8,000+ Licensed Beds and 800+ Clinical Locations
Investment Overview
Single Tenant Medical NNN
Broker of Record
Financing By
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