201 Mary Higginson LnUniontown, PA 15401

Property Details for 201 Mary Higginson Ln

Lot size

2.00 AC

Property type

Retail properties

Property subtype

Banks

APN

34-01-0086-01

APU

3401008601

Description

This exceptional investment opportunity presents a 13,067 square foot, multi-tenant medical office building located at 201 Mary Higginson Ln, Uniontown, PA 15401. The property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $213,361. Currently 100% occupied by two credit-rated tenants, DaVita Dialysis and WVU Medicine, this NNN-leased property offers a stable and predictable income stream. The leases feature favorable terms, including annual rent bumps—1.5% for DaVita and the greater of 3% or CPI for WVU Medicine—extending through April 29, 2031, providing a remaining lease term of 6.4 years. Recent renovations exceeding $200,000 enhance the property's appeal. The strategic location within a thriving medical hub, just 1.7 miles from WVU Uniontown Hospital, and serving a population of over 73,000 within a 10-mile radius, ensures consistent demand. This synergistic tenancy, with both tenants recently extending their leases, demonstrates a strong commitment to the site and presents a compelling investment opportunity for discerning buyers. The property's financial strength, coupled with its long-term lease structure and built-in rent growth, makes it an attractive addition to any portfolio. The investment type is a multi-tenant medical net lease with a lease commencement date of July 20, 2010.

• CAP approach

  CAP return

  Valuation

  6%

  $30,481,116

  6.5%

  $28,136,414

  7%

  $26,126,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,895,308

  Geo Method

  $43,895,308

• Alternative Use

  Use

  Valuation

  Residential

  $23,734,118

  Hospitality

  $21,740,324

  Educational

  $18,087,696

  Medical

  $18,709,758

  Retail

  $28,136,414

Location Insight

City

Uniontown

County

Fayette

State

Pennsylvania

Latitude

39.9106

Longitude

-79.7558

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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