401 Horsham RdHorsham, PA 19044

Property Details for 401 Horsham Rd

Year built

2016

Lot size

0.79 AC

Property size (Sq ft)

8,686 SF

Zone code

LC3

Property type

Healthcare properties

Property subtype

Medical offices

APN

36-00-05500-00-8

APU

360005500008

Description

This exceptional investment opportunity presents a fee-simple ownership of an 8,734 square foot urgent care facility in Horsham, Pennsylvania. The property, built in 2016, boasts a 100% occupancy rate with Liberty Urgent Care under a 15-year NNN lease commencing July 22, 2024, and expiring July 21, 2039. The lease includes two 5-year renewal options, ensuring long-term stability. Rent increases of 5% every three years provide inflation protection and enhance cash flow. The property enjoys a prime location on Horsham Road, near other medical facilities, retail centers, and residential areas, offering excellent visibility and accessibility. The strategic location within the affluent Philadelphia MSA, coupled with a growing demand for urgent care services due to physician shortages and an aging population, makes this a compelling investment. The property's strong financial performance is reflected in its 7.75% cap rate and a current NOI of $294,000. Liberty Urgent Care holds UCAOA accreditation, demonstrating commitment to quality patient care. The tenant's personal guarantee on the lease further strengthens the investment's security. This is a passive investment ideal for out-of-state investors, offering significant long-term returns in a resilient sector of the healthcare industry. The property is conveniently located near major roadways, including the Philadelphia Harrisburg Turnpike, providing easy access for patients and staff. The surrounding area features a high average household income exceeding $100,000 within a one-mile radius and $120,000 within a five-mile radius. The property's asking price is $3,793,548, representing a price per square foot of $434.34.

• CAP approach

  CAP return

  Valuation

  6%

  $1,436,055

  6.5%

  $1,325,590

  7%

  $1,230,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,134,913

  Geo Method

  $1,134,913

• Alternative Use

  Use

  Valuation

  Residential

  $1,643,731

  Hospitality

  $1,505,649

  Educational

  $1,252,682

  Medical

  $1,295,764

  Retail

  $1,948,616

Location Insight

City

Horsham

County

Montgomery

State

Pennsylvania

Latitude

40.1829

Longitude

-75.1378

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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