This offering presents a fully leased, single-tenant medical office property occupied by Hermitage Orthopedics and Sports Medicine, a well-established orthopedic and physical therapy practice. The asset is positioned on an expansive 11.16-acre parcel and features a purpose-built facility constructed in 2005 to accommodate specialized medical operations. The property benefits from a newly executed five-year NNN lease commencing October 2025, providing investors with a stable and predictable income stream.
The lease includes 3% annual rental escalations and two three-year renewal options, ensuring long-term occupancy and income growth. The tenant has provided both business and personal guarantees, supported by a net worth exceeding $8 million, and has placed a $1.2 million escrow holdback, reinforcing financial security and commitment to the location.
Strategically located in Hermitage, PA, the property is part of a robust healthcare ecosystem anchored by UPMC Horizon and Sharon Regional Medical Center. The area offers strong connectivity via U.S. Route 18 and Interstate 80, with proximity to Pittsburgh, Erie, and Youngstown. Hermitage’s stable demographics, growing healthcare demand, and ongoing economic development initiatives—including the Hickory Fields redevelopment and LindenPointe Innovation Campus—further enhance the property’s long-term investment appeal.
This asset combines a high-quality medical facility, a credit-backed lease structure, and a thriving regional healthcare market, making it an attractive opportunity for investors seeking durable income and minimal management responsibilities.