601 E Lancaster Ave - Freestanding FOR SALE
Shillington, PA 19607 |
415-308-7443
601 E Lancaster Ave
Shillington, PA 19607
HIGHLIGHTS
- Established Dental Operator: Guaranteed by The Smilist DSO, LLC—a leading Northeast dental service organization backed by private equity with over 100
- Long-Term Operational Stability: Property has operated as a successful dental office for nearly 20 years with 11 existing chairs and room to expand to
- Attractive Yield & Growth: Long-term lease running through May 2031 features 2.0% annual rent escalations, delivering strong, predictable cash flow gr
- Low-Touch Management: Modified NN lease structure limits landlord responsibilities to capital/structural items, providing an ideal passive investment.
- Defensible Rental Rate: Current rent sits at an attractive $1.01/SF/Month ($12.18/SF/Yr) with a below-market baseline, supporting strong future tenant
- Prime Commercial Corridor: Situated directly along East Lancaster Avenue with high daily traffic counts, excellent visibility, and close proximity to
OVERVIEW
Graystone Capital Advisors is pleased to present 601 East Lancaster Avenue, a 10,800 SF single-tenant medical office building situated on 0.43 acres in Reading, PA. Occupied entirely by The Smilist Dental, this healthcare asset offers steady annual returns backed by an essential service tenant operating within a growing regional market.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1925
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
CROSS STREETS
Woodland Ave
LAND ACRES
0.43 AC
LAND SF
18,731 SF
ZONING
Commercial
APN/PARCEL ID
77-5306-17-00-2431
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415-308-7443
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415-308-7443
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