10 E Spruce St - Medical FOR SALE
Frackville, PA 17931 |
$2,464,050 USD
630-854-9717
10 E Spruce St
Frackville, PA 17931
HIGHLIGHTS
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc.
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses
- Long-Term Lease: The property features a fifteen (15) year initial term with over 14 years remaining, providing long-term stability and cash flow.
- Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth
- Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
FOR SALE DETAILS
PRICE
$2,464,050 USD
PRICE/SF
$174 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lehigh Valley Health Network | Abs NNN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Fast Food, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
C-3
APN/PARCEL ID
43-06-0064.000,43-06-0083.000
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630-854-9717
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630-854-9717
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