141 N Vine St - Medical FOR SALE
Hazleton, PA 18201 |
$4,470,016 USD
818-434-1106
141 N Vine St
Hazleton, PA 18201
HIGHLIGHTS
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health, forming a major regional
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc., a Pennsylvania non-pr
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses and is responsible for
- 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 and a g
- Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
FOR SALE DETAILS
PRICE
$4,470,016 USD
PRICE/SF
$373 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lehigh Valley Health | Abs NNN | +14 Yrs Term
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Fast Food, Storefront Retail/Office, undefined
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
R-3
APN/PARCEL ID
71-T8SW12-006-001-000
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818-434-1106
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818-434-1106
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