3110 Grant Avenue
Office | 7.60% CAP | 16,711 SqFt
Marketing description
Colliers is the Owner's exclusive agent, offering for sale the fee simple interest in the fully occupied, single-tenant medical office building at 3110 Grant Avenue in Philadelphia's Great Northeast (the "Property").
Its attractive stone facade, with windowed gables, was erected in 1920 and has created a warm, comfortable presence for patients and employees alike for over a century. Its subsequent expansion and interior renovations in 2000 increased capacity and introduced sophisticated medical upgrades.
In 2023, the current long-term tenant, Refocus Eye Health, leased the entire Property under a 10-year net lease that expires January 31, 2035. Refocus has over 65 years of serving Philadelphia, Camden, and Bucks County with expert eye care (https://philadelphia.refocuseyedoctors.com).
3110 Grant Avenue is situated in the densely populated Great Northeast between the busy Roosevelt Boulevard (US 1) and Frankford Avenue (US 13). Convenient access is additionally provided by Academy Road and I-95.
Investment highlights
- 100% occupied on a net lease basis
- Lease expiration is January 31, 2025
- Located in the massively dense Greater Northeast of Philadelphia
- Powerful demographics support steady growth in patient demand
- 82,000 total population within two miles of the site
- Grant Avenue traffic averages 30,375 vehicles per day
- Healthcare real estate continues to attract significant capital.
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