For Sale
$2,972,000

2010 Broad StLansdale, PA 19446

8,000 SF NNN Lease, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, 8,000-square-foot medical office building in Lansdale, Pennsylvania. The property, constructed in 2018 as a build-to-suit for Jefferson Health, boasts a strong 15-year net lease with 8.2 years remaining, featuring 1% annual rent bumps and two five-year renewal options. Located at 2010 N Broad St, in Montgomery County, on a 1.54-acre lot, this property offers a passive ownership structure with no immediate capital expenditures needed. The building benefits from Jefferson Health's strong credit rating (A2) and the stability of a destination-driven medical business model. The tenant, Jefferson Health, merged with Einstein Health in 2021, combining resources and strengthening its market position. The property's location shows consistent population growth, with a 4% increase within a 10-mile radius over the past 12 years and a projected 1.5% growth in the next five years. The current asking price is $2,972,000, representing a 7.00% capitalization rate and a price per square foot of $371.50. The Net Operating Income (NOI) is $208,058, providing a stable and attractive return on investment. This is a rare opportunity to acquire a high-quality, passively managed medical office building with a long-term lease and significant upside potential.

Highlights

  • 8,000 SF medical office building in Lansdale, PA, built in 2018 as a build-to-suit for Jefferson Health.
  • NNN lease structure with no immediate capital expenditures needed.
  • Strong tenant, Jefferson Health (A2 credit rating), with a 15-year net lease (8.2 years remaining) including 1% annual rent increases and two 5-year renewal options.
  • Located in a high-growth area with a 4% population increase within a 10-mile radius over the past 12 years and projected 1.5% growth over the next five years.
  • $2,972,000 asking price, representing a 7.00% cap rate and $371.50/SF. NOI is $208,058.

Property Details for 2010 Broad St

Property type
Office properties, Medical offices
Square Feet
8,000 SF
Year Built
2018
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Lansdale
County
Montgomery
State
Pennsylvania
Latitude
40.2599936
Longitude
-75.2639897
2010 Broad St, Lansdale, Pennsylvania

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2010 Broad St
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