For Sale
$866,720

1824 Deep Run RdPipersville, PA 18947

7.5% Cap Rate, Vet Clinic, Fee Simple

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple medical office building in Pipersville, Bucks County, Pennsylvania, offers a compelling investment opportunity. The 3,445 square foot property is 100% occupied by Veterinary Innovative Partners under a 10-year Net Net lease (NN) with a corporate guarantee, providing minimal landlord responsibilities. The lease commenced April 10, 2022, and has a remaining term of approximately 7.4 years, with a 5-year option to renew at a 2% annual rent increase. The building, constructed in 2003, sits on a 3.26-acre lot and boasts a strong net operating income (NOI) of $65,004, resulting in a 7.50% capitalization rate. The asking price is $866,720, translating to $251.59 per square foot. This investment benefits from the resilient nature of the veterinary services market, which has shown consistent growth, driven by increasing pet ownership and spending on pet healthcare. The property presents a stable, low-maintenance income stream with significant upside potential due to the long-term lease and built-in rent increases. The property address is 1824 Deep Run Rd, Pipersville, PA 18947.

Highlights

  • Sub-$1M price point with national tenant.
  • Corporate guarantee provided.
  • Minimal landlord responsibilities; absolute net lease.
  • Strong unit-level financials.
  • Highly sought-after veterinary clinic tenant; recession-resistant sector.
  • Located in a top veterinary expenditure state (NY, FL, or PA).

Property Details for 1824 Deep Run Rd

Property type
Office properties, Medical offices
Square Feet
3,445 SF
Year Built
2003
Buildings
1
Lot Size (sq. ft)
142,006 SF

Location Insight

City
Pipersville
County
Bucks
State
Pennsylvania
Latitude
40.42409387
Longitude
-75.1446514
1824 Deep Run Rd, Pipersville, Pennsylvania

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1824 Deep Run Rd
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