401 Horsham RdHorsham, PA 19044
High-yield NNN medical office investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
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
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