502 S 2nd St - Medical FOR SALE
Saint Clair, PA 17970 |
$1,836,800 USD
630-854-9717
502 S 2nd St
Saint Clair, PA 17970
HIGHLIGHTS
- Absolute NNN lease with 9+ years remaining and 2.5% annual rent escalations for stable, growing cash flow.
- Corporate guaranteed by Jefferson Health, a major academic health system with 32 hospitals and 62,000 employees.
- Single-tenant 11,200 SF outpatient medical facility on 3.51 acres in Saint Clair, PA.
- Base rent of $114,800 annually with 6.25% cap rate and $164 PSF pricing.
- Tenant pays all operating expenses directly, including taxes, insurance, and utilities.
- Attractive depreciation and tax savings potential through cost segregation analysis.
FOR SALE DETAILS
PRICE
$1,836,800 USD
PRICE/SF
$160 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lehigh Valley Health | +9 Yrs | 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
1982
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
3.4 AC
LAND SF
148,104 SF
ZONING
C-1
APN/PARCEL ID
62-05-0036.001
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630-854-9717
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630-854-9717
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