235 Chelten AvePhiladelphia, PA 19144

  • Healthcare properties
  • 15,289 SF
For Sale
$2,774,000 View listing

Property Details for 235 Chelten Ave

Year built
1985
Lot size
0.51 AC
Property size (Sq ft)
15,289 SF
Property type
Healthcare properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a 15,289 square-foot, single-tenant retail property leased to DaVita Dialysis, a Fortune 500 company. Located at 235 W Chelten Ave, Philadelphia, PA 19144, this property boasts a 13.1-year remaining lease term (expiring 12/31/2037) with three 5-year options, and includes annual 1% rent escalations. The lease is a NNN (triple net) structure, meaning the tenant is responsible for most operating expenses, including property taxes, insurance, and repairs. The landlord's responsibility is limited to building structure, parking lot replacement, and roof replacement; a new roof with a 15-year transferable warranty was installed in 2024. The property sits on a 0.51-acre lot and benefits from high visibility on West Chelten Avenue, with over 10,300 vehicles passing daily. The strong tenant, DaVita, Inc., provides a corporate guarantee, mitigating risk. The property's Net Operating Income (NOI) is $194,183, resulting in a 7.00% capitalization rate. The asking price is $2,774,000 ($181.44 per square foot). This investment offers a secure, long-term income stream in a densely populated area with an average household income exceeding $79,000 within a 5-mile radius. Proximity to major medical centers and national retailers further enhances the property's value. The property is conveniently located near SEPTA's Chestnut Hill West Line.

235 Chelten Ave, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0308
Longitude
-75.1799

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