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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26854648
26854649

1220 3rd street, Whitehall, PA 18052

EV
01913407
Anchor Point Capital
NS
CA CA 01973281
Anchor Point Capital
Listed by Anchor Point Capital
$2,223,000
274 days on market
Updated 34 days ago

STNL DaVita Kidney Care | Allentown MSA, PA

Details
Property Type Office, Retail
Sub Type Medical Office, Pharmacy/Drug
Square Footage 7,791
Net Rentable (SqFt) 7,791
Cap Rate 7%
NOI $155,548
Occupancy 100%
Tenancy Single
Brand/Tenant DaVita
Lease Type NNN
Lease Expiration 03/20/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 2 - 5 Yr
Year Built 1972
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.900
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/21/2015
Occupancy Date 08/15/2015
Ownership Fee Simple

Part of St. Luke's Hospital Network

Marketing description

For More Information, Contact

Nick Sarris [email protected]

Excellent Single-Tenant Investment Opportunity

  • 5.00+ Years Remaining on Primary Term

  • Hedge Against Inflation; 10% Rental Increases Every 5 Years

  • Corporate Guaranty by Publicly Traded Company (NYSE: DVA); $12B+ in Revenue (2023)

  • Operating 6 days a week with 12 Dialysis Stations

  • NNN Lease; Minimal Landlord Responsibilities

  • Tenant Responsible for Taxes, Insurance, Parking Lot, CAM, and HVAC

Outstanding Location

  • Allentown/Lehigh Valley MSA; 3rd Largest MSA in Pennsylvania

  • Dense Infill Location; 119,000+ within 3 Mile Radius

  • Over 17,000 Vehicles Per Day on 3rd Street

  • Located Less than 3.5 Miles from St. Luke’s Medical Center

  • Part of the St. Luke’s Hospital Network, One of the Largest Hospital Networks in the Lehigh Valley Region

  • Consistent Population Growth; 8% in the last 10 Years within 5 Miles

Investment highlights

For More Information, Contact

Nick Sarris nsarris@anchorpointcapital.com

Excellent Single-Tenant Investment Opportunity

  • 5.00+ Years Remaining on Primary Term

  • Hedge Against Inflation; 10% Rental Increases Every 5 Years

  • Corporate Guaranty by Publicly Traded Company (NYSE: DVA); $12B+ in Revenue (2023)

  • Operating 6 days a week with 12 Dialysis Stations

  • NNN Lease; Minimal Landlord Responsibilities

  • Tenant Responsible for Taxes, Insurance, Parking Lot, CAM, and HVAC

Outstanding Location

  • Allentown/Lehigh Valley MSA; 3rd Largest MSA in Pennsylvania

  • Dense Infill Location; 119,000+ within 3 Mile Radius

  • Over 17,000 Vehicles Per Day on 3rd Street

  • Located Less than 3.5 Miles from St. Luke’s Medical Center

  • Part of the St. Luke’s Hospital Network, One of the Largest Hospital Networks in the Lehigh Valley Region

  • Consistent Population Growth; 8% in the last 10 Years within 5 Miles

Listing Contacts

EV
01913407
Anchor Point Capital
NS
CA CA 01973281
Anchor Point Capital
Listed by Anchor Point Capital

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,548.00
$12,962.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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