Hermitage Orthopedics & Sports Medicine
Office | 7.24% CAP | 17,924 SqFt
Marketing description
Prime NNN medical office investment in Hermitage, PA, leased to a long-established orthopedic and sports-medicine practice. This 17,924 SF build-to-suit facility sits on 11.16 acres with additional raw land for future development. The tenant operates under a true NNN lease, covering all expenses, with ~4.5 years remaining, 3% annual increases, and a business + personal guarantee backed by $8M+ net worth. A $1.2M+ escrow holdback further strengthens the credit profile and long-term commitment.
Originally built in 2005 specifically for the practice, the property benefits from strong regional healthcare demand, proximity to UPMC & Allegheny Health networks, and stable patient volume driven by Hermitage’s resilient medical ecosystem. Major local investments—including the Hickory Fields redevelopment and LindenPointe Innovation Campus—continue to reinforce economic growth and the long-term viability of medical office users in the area.
This offering delivers hands-off NNN income, a proven medical operator, and development optionality. A rare combination in a stable Western Pennsylvania market.
Investment highlights
NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area
Maintenance (CAM) making this an ideal investment for investors seeking a true passive incoming producing asset.Build-to-Suit - In 2005, the property was built specifically for Dr. Tonnies physical therapy practice that was constructed to provide a foundation for his clients for years to come.
Healthy Lease Remaining - +/-4.5 Years remaining on a newly structured 5-year lease that commenced during the 2025 Fiscal Year.
Build-to-Suit - In 2005, the property was built specifically for Dr. Tonnies physical therapy practice that was constructed to provide a foundation for his clients for years to come.
Property Appraised at List Price - Seller recently obtained an appraisal confirming the property value at list price.
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