51 S Pine St - Office FOR SALE


Elverson, PA 19520
$4,100,000 USD
610-291-9895
51 S Pine St, Elverson, PA for Sale
$4,100,000 USD
Office - FOR SALE
1/44
null | 8.05% Cap Rate

51 S Pine St
Elverson, PA 19520


HIGHLIGHTS

  • 100% Leased, Four-Tenant Investment — 20,000 SF building is occupied by four established medical, fitness, and wellness operators under new NNN leases
  • Essential, Service-Based Tenancy — urgent care / primary medical care, fitness, physical therapy, and chiropractic care are internet resistant uses
  • 2,000 SF Sublease Upside — A-Z Urgent Care / Primary Care leases 10,000 SF but utilizes 8,000 SF, creating an opportunity to sublease the remaining SF
  • Growing Chester County Corridor — Elverson sits along the Route 23/Route 10 corridor in one of the Philadelphia region's fastest-growing counties
  • Established Local Operators — A-Z Urgent Care / Primary Care and A-Z Fitness are long-tenured, community-anchoring businesses
  • Signalized, High-Visibility Site — the Property sits on a prominent corner parcel with excellent visibility, monument signage, and easy ingress/egress

OVERVIEW

eXp realty & VRA Realty are pleased to present the exclusive opportunity to acquire 51 S Pine Street, a 20,000-square-foot single-story commercial building in Elverson, Pennsylvania, 100% occupied by four established, service-based medical, fitness, and wellness operators — A-Z Urgent Care / Primary Care, A-Z Fitness, Kinetic Physical Therapy, and a chiropractic practice — each operating under new, triple-net (NNN) leases with 3.0% annual rent escalations and two renewal options. A-Z Urgent Care / Primary Care leases 10,000 SF but utilizes only 8,000 SF for its operations, creating an embedded opportunity to sublease the remaining 2,000 SF at an estimated $20.00 PSF NNN — a clear path to further upside within an already fully leased asset.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

Commercial

APN/PARCEL ID

13-004-0076.0200

ASK ABOUT THIS PROPERTY

Brady CarrollVRA RealtyMore Info
610-291-9895

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Brady CarrollVRA RealtyMore Info
610-291-9895

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.