For Sale
$3,793,548

401 Horsham RdHorsham, PA 19044

High-yield NNN medical office investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of an 8,734 square foot urgent care facility in Horsham, Pennsylvania. The property, built in 2016, boasts a 100% occupancy rate with Liberty Urgent Care under a 15-year NNN lease commencing July 22, 2024, and expiring July 21, 2039. The lease includes two 5-year renewal options, ensuring long-term stability. Rent increases of 5% every three years provide inflation protection and enhance cash flow. The property enjoys a prime location on Horsham Road, near other medical facilities, retail centers, and residential areas, offering excellent visibility and accessibility. The strategic location within the affluent Philadelphia MSA, coupled with a growing demand for urgent care services due to physician shortages and an aging population, makes this a compelling investment. The property's strong financial performance is reflected in its 7.75% cap rate and a current NOI of $294,000. Liberty Urgent Care holds UCAOA accreditation, demonstrating commitment to quality patient care. The tenant's personal guarantee on the lease further strengthens the investment's security. This is a passive investment ideal for out-of-state investors, offering significant long-term returns in a resilient sector of the healthcare industry. The property is conveniently located near major roadways, including the Philadelphia Harrisburg Turnpike, providing easy access for patients and staff. The surrounding area features a high average household income exceeding $100,000 within a one-mile radius and $120,000 within a five-mile radius. The property's asking price is $3,793,548, representing a price per square foot of $434.34.

Highlights

  • 2016-built, 8,734 SF urgent care facility in Horsham, PA, 100% occupied by Liberty Urgent Care.
  • NNN lease with 15-year term (commencing July 22, 2024) and two 5-year options; 5% rent increases every three years.
  • E-commerce resistant tenant in a growing $48 billion market; urgent care visits are increasing due to physician shortages and convenience.
  • Excellent location in affluent Horsham, within the Philadelphia MSA, near major roadways and retail amenities; average household income exceeds $100,000 within a one-mile radius.
  • Strong financial performance: 7.75% cap rate, $294,000 NOI, and asking price of $3,793,548 ($434.34/SF).
  • Liberty Urgent Care is UCAOA accredited, and the lease includes a personal guarantee.

Property Details for 401 Horsham Rd

Property type
Retail properties, Office properties
Square Feet
8,734 SF
Year Built
2016

Location Insight

City
Horsham
County
Montgomery
State
Pennsylvania
Latitude
40.1827844
Longitude
-75.1377352
401 Horsham Rd, Horsham, Pennsylvania

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401 Horsham Rd
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