675 North Broad Street Extension
AHN Hospital Adjacent | Medical Office Building
Marketing description
Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 675 N Broad Street in Grove City, Pennsylvania — a 100% occupied medical office investment strategically located adjacent to Allegheny Health Network’s Grove City Hospital. Offered at a list price of $2,095,000, the property represents an attractive 8.31% capitalization rate and provides investors with stable in-place cash flow supported by a strong mix of institutional healthcare tenants.
The ±11,941-square-foot property is anchored by Independence Health System, which occupies approximately 50% of the building, along with Allegheny Health Network (AHN), which occupies approximately 31% of the property. Together, these nationally recognized and regionally dominant healthcare providers create a durable tenant roster that supports long-term operational stability and consistent patient traffic.
Ownership is currently in discussions with AHN regarding a lease extension, presenting investors with the opportunity to potentially secure additional lease term and further strengthen the asset’s long-term income profile. The property’s strategic location directly adjacent to Grove City Hospital enhances its importance within the local healthcare ecosystem and reinforces tenant demand for the location.
The asset benefits from its positioning within a growing outpatient healthcare environment, where proximity to hospital infrastructure and established healthcare providers continues to drive demand for well-located medical office space. With 100% occupancy, institutional healthcare tenancy, and the potential for lease extension, 675 N Broad Street represents an attractive opportunity for investors seeking stable healthcare real estate income with future upside through continued tenant commitment.
Investment highlights
- 100% occupied medical office building totaling ±11,941 SF, offered at $2,095,000 and an attractive 8.31% cap rate.
- Located directly adjacent to AHN Grove City Hospital, positioning the asset within a highly strategic healthcare corridor and supporting long-term tenant demand.
- Institutional tenant roster anchored by Independence Health System (50%) and Allegheny Health Network (31%), two of Western Pennsylvania’s leading healthcare providers.
- Potential value enhancement through AHN lease extension discussions, which could further strengthen income durability and increase investor confidence.
- Stable healthcare real estate investment with durable cash flow, benefiting from 100% occupancy, strong healthcare tenancy, and continued growth in outpatient medical services.
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