For Sale
$1,568,467

100 Community Dr. SteTobyhanna, PA 18466

High-Yield Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, 6,067 square foot medical office condo in Tobyhanna, PA, presents a compelling investment opportunity. Located at 100 Community Dr., Ste #101, this single-tenant property boasts a 100% occupancy rate with a strong, established tenant: Lehigh Valley Health Network - Pocono, operating as an imaging center. The current lease, initiated September 1, 2022, has a remaining term of approximately 0.8 years and includes two lease options, with a 2.0% annual rent bump. The property features a Net Net Net (NNN) lease structure, generating a substantial Net Operating Income (NOI) of $117,635 and a 7.50% capitalization rate. The asking price is $1,568,467, translating to $258.52 per square foot. Situated within the 55,000 square foot Mountain Healthcare Center, this first-floor suite is the largest single unit in the building, enjoying convenient access near the main entrance. Recent upgrades, completed in 2020 and 2021, include interior space and equipment enhancements, parking lot resurfacing, and exterior building painting, showcasing the tenant's commitment and the building's well-maintained condition. The building houses a diverse range of medical tenants, including additional LVHN offices, dialysis, orthopedics, and Pocono Eye, creating a thriving medical environment. This property offers a secure, high-yield investment with significant upside potential.

Highlights

  • $1,568,467 asking price for a Class A, 6,067 square foot medical office condo in Tobyhanna, PA.
  • 7.50% cap rate with a $117,635 net operating income (NOI).
  • 100% occupancy with a single tenant, Lehigh Valley Health Network, under a NNN lease.
  • 3-year lease (0.8 years remaining), commencing September 1, 2022, and expiring August 31, 2025, with two lease options and 2.0% annual rent bumps.
  • Located in the Mountain Healthcare Center, a 55,000 square foot medical arts building with convenient first-floor access.

Property Details for 100 Community Dr. Ste

Property type
Office properties, Medical offices
Square Feet
6,067 SF
Class
A

Location Insight

City
Tobyhanna
County
Monroe
State
Pennsylvania
Latitude
41.147166414583
Longitude
-75.372233106704
100 Community Dr. Ste, Tobyhanna, Pennsylvania

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100 Community Dr. Ste
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