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33193712
33193714

675 North Broad Street Extension, Grove City, PA 16127 For Sale

NM
PA PA RS322215
Zeustra Inc
Listed by Zeustra Inc
$2,095,000
55 days on market
Updated 55 days ago

675 North Broad Street Extension

Details
Property Type Office
Sub Type Medical Office
Square Footage 11,941
Net Rentable (SqFt) 11,941
Cap Rate 8.31%
NOI $174,119
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Expiration 02/28/2030
Remaining Term 3.6
Rent Bumps Yes
Price per SqFt $175
Class B
Buildings 1
Acreage 2.910
Investment Type Value Add
Ownership Fee Simple

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.

Listing Contacts

NM
PA PA RS322215
Zeustra Inc
Listed by Zeustra Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,119.00
$14,509.92/mo

Valuation Metrics

0
DSCR
8.31%
Cap Rate
8.31%
ROI

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Additional Information

Name
Nick Myers
License
PA RS322215
Brokerage Phone
800-229-6049
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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