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Single-Tenant Office Medical

Concentra - Wilkes Barre Township

268 Highland Park Blvd, Wilkes-Barre Township, PA 18702

Listing Price: $3,528,209

Cap Rate
6.20%
Tenant Name
Concentra
Years Remaining On Lease
5.5
Gross SF
11,880
Guarantor
Corporate Guarantee
Rentable SF
11,880
Price/Gross SF
$296.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.41

Investment Overview

Marcus & Millichap is pleased to present this Concentra Medical Office Building located at 268 Highland Park Blvd in the heart of Wilkes-Barre Township, Pennsylvania. Incorporated in 1774, the Township of Wilkes-Barre was one of the first townships to be settled in Pennsylvania. Once stretching from the Susquehanna River to the Lehigh River, sprawled out over the foothills of the Pocono Mountains, the Township today, is one of the premier destinations in Northeastern Pennsylvania for shopping, dining, and entertainment. Concentra Inc., is national health care company founded in Amarillo, Texas in 1979. Concentra operates more than 500 urgent care centers in 44 states and has more than 1,000 affiliated physicians and 1,285 physical therapists. Concentra provides a range of health improvement solutions to employers, and operates more than 100 employer onsite medical facilites. On average, more than 30,000 patients visit Concentra's medical centers each day.

Investment Highlights

  • 2% Annual Rent Increases
  • One, Five Year Option Renewal
  • 3.60 Acre Lot
  • Parent Company is one of the Nation's Largest Providers of Specialized Acute & Post-Acute Care w/ an Annual Revenue of more than $5.5B.
  • Situated Directly Across From The Mohegan Sun Arena
  • Dense Retail Corridor With Nearby National Credit Tenants
  • Seasoned Location Within The Submarket Since 2007

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Single-Tenant Office Medical

Concentra - Wilkes Barre Township

Listing Price: $3,528,209

Cap Rate
6.20%
Tenant Name
Concentra
Years Remaining On Lease
5.5
Gross SF
11,880
Guarantor
Corporate Guarantee
Rentable SF
11,880
Price/Gross SF
$296.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.41

Investment Highlights

  • 2% Annual Rent Increases
  • One, Five Year Option Renewal
  • 3.60 Acre Lot
  • Parent Company is one of the Nation's Largest Providers of Specialized Acute & Post-Acute Care w/ an Annual Revenue of more than $5.5B.
  • Situated Directly Across From The Mohegan Sun Arena
  • Dense Retail Corridor With Nearby National Credit Tenants
  • Seasoned Location Within The Submarket Since 2007

Investment Overview

Marcus & Millichap is pleased to present this Concentra Medical Office Building located at 268 Highland Park Blvd in the heart of Wilkes-Barre Township, Pennsylvania. Incorporated in 1774, the Township of Wilkes-Barre was one of the first townships to be settled in Pennsylvania. Once stretching from the Susquehanna River to the Lehigh River, sprawled out over the foothills of the Pocono Mountains, the Township today, is one of the premier destinations in Northeastern Pennsylvania for shopping, dining, and entertainment. Concentra Inc., is national health care company founded in Amarillo, Texas in 1979. Concentra operates more than 500 urgent care centers in 44 states and has more than 1,000 affiliated physicians and 1,285 physical therapists. Concentra provides a range of health improvement solutions to employers, and operates more than 100 employer onsite medical facilites. On average, more than 30,000 patients visit Concentra's medical centers each day.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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