No Tenant Specified
Penn Medicine & LabCorp | Recent Renovation | Value Add
1970 N Broad St, Lansdale, PA 19446
Listing Price: $2,640,000
Cap Rate
8.64%
Tenant Name
Penn Medicine
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
12,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.40
Investment Overview
Multi-Tenant Net Lease Medical
Penn Medicine & LabCorp | Recent Renovation | Value Add
Investment Highlights
- PRIME LOCATION: Direct Frontage on a Main Thoroughfare in Lansdale (16,000+ VPD)
- NATIONAL & REGIONAL TENANTS: Corporately Guaranteed by Penn Medicine | Corporately Guaranteed by LabCorp (NYSE: LH)
- FAVORABLE LEASE STRUCTURES: Triple Net (NNN) Leases Allow for Expense Reimbursements and Passive Ownership
- FINANCIAL STRENGTH: Day One 8.64% Cap Rate | Year 3 Upside with Value-Add Potential
- ANNUAL RENTAL INCREASES: 3% Rental Increases Throughout Term and Option
- MARKET DEMOGRAPHICS: 147,000+ People Within a 5-Mile Radius
- MEDICAL HUB: Directly Adjacent to Jefferson Health Outpatient Clinic | Less Than a Mile from Nearest Hospital
- SYNERGISTIC TENANCY: Destination Business Model Allowing for Patient Referrals Between Tenants
Broker of Record
Financing By
No Tenant Specified
Penn Medicine & LabCorp | Recent Renovation | Value Add
Listing Price: $2,640,000
Cap Rate
8.64%
Tenant Name
Penn Medicine
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
12,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.40
Investment Highlights
- PRIME LOCATION: Direct Frontage on a Main Thoroughfare in Lansdale (16,000+ VPD)
- NATIONAL & REGIONAL TENANTS: Corporately Guaranteed by Penn Medicine | Corporately Guaranteed by LabCorp (NYSE: LH)
- FAVORABLE LEASE STRUCTURES: Triple Net (NNN) Leases Allow for Expense Reimbursements and Passive Ownership
- FINANCIAL STRENGTH: Day One 8.64% Cap Rate | Year 3 Upside with Value-Add Potential
- ANNUAL RENTAL INCREASES: 3% Rental Increases Throughout Term and Option
- MARKET DEMOGRAPHICS: 147,000+ People Within a 5-Mile Radius
- MEDICAL HUB: Directly Adjacent to Jefferson Health Outpatient Clinic | Less Than a Mile from Nearest Hospital
- SYNERGISTIC TENANCY: Destination Business Model Allowing for Patient Referrals Between Tenants
Investment Overview
Multi-Tenant Net Lease Medical
Broker of Record
Financing By
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