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Single-Tenant Office Medical

Cloudline Physical Therapy (Retail Condo)

239 S 10th St, Philadelphia, PA 19107

Listing Price: $1,755,000

Cap Rate
5.60%
Tenant Name
Cloudline Physical Therapy
Years Remaining On Lease
9.6
Guarantor
Personal Guarantee
Rentable SF
2,730
Lease Type
Double Net
Rent Per Square Feet
$36.00

Investment Overview

History | Physical Therapy outpatient practice owned and operated by experienced physical therapists since 2020 • Owners | Co-Founded and Operated by highly experienced and educated professional physical therapists, Adam Kessel, and Brian Kracyla • Mission | Create a collaborative and supportive therapeutic environment that empowers patients with the tools to achieve their individual goals • Services | Post-surgical, Sports, Scoliosis, Osteoporosis, Concussion, Neurological, and Other Types of Physical Therapy • Operations | Offers in-person and telehealth medical assistance to clients with accommodating weekday hours

Investment Highlights

  • • Brand New Personal Guaranteed NN Lease with significant Lease Term Remaining (10+/- Years)
  • Lease features little to no Landlord responsibilities, providing for a Non-Management Intensive Investment | Cloudline Physical Therapy is responsible for everything, except Roof & Structure Repairs
  • The Lease calls for Attractive Rental Increases of Nine Percent (9%) in Year 3 and Annual Increases of Two and a Half Percent (2.5%) after Year 3 and in Option Periods
  • • Attractive Option Periods of Two, Five (5) Year Options following the 10-Year Initial Term

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Cloudline Physical Therapy (Retail Condo)

Listing Price: $1,755,000

Cap Rate
5.60%
Tenant Name
Cloudline Physical Therapy
Years Remaining On Lease
9.6
Guarantor
Personal Guarantee
Rentable SF
2,730
Lease Type
Double Net
Rent Per Square Feet
$36.00

Investment Highlights

  • • Brand New Personal Guaranteed NN Lease with significant Lease Term Remaining (10+/- Years)
  • Lease features little to no Landlord responsibilities, providing for a Non-Management Intensive Investment | Cloudline Physical Therapy is responsible for everything, except Roof & Structure Repairs
  • The Lease calls for Attractive Rental Increases of Nine Percent (9%) in Year 3 and Annual Increases of Two and a Half Percent (2.5%) after Year 3 and in Option Periods
  • • Attractive Option Periods of Two, Five (5) Year Options following the 10-Year Initial Term

Investment Overview

History | Physical Therapy outpatient practice owned and operated by experienced physical therapists since 2020 • Owners | Co-Founded and Operated by highly experienced and educated professional physical therapists, Adam Kessel, and Brian Kracyla • Mission | Create a collaborative and supportive therapeutic environment that empowers patients with the tools to achieve their individual goals • Services | Post-surgical, Sports, Scoliosis, Osteoporosis, Concussion, Neurological, and Other Types of Physical Therapy • Operations | Offers in-person and telehealth medical assistance to clients with accommodating weekday hours

Exclusively Listed By

Financing By

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