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10 E Spruce St
Frackville, PA 17931

$2,464,050 USD

Medical For Sale  •  14,142 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,700 SF
  • Lot Size 0.52 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 6.00 %
  • Tenancy Multiple
  • Zoning C-3
0 Transit Score
53 Walk Score

Highlights

Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health
Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc.
Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses
Long-Term Lease: The property features a fifteen (15) year initial term with over 14 years remaining, providing long-term stability and cash flow.
Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth
Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
Cap Rate: 6.00 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 43
Type: Surface
Included in Rent: Yes
Tyler Swade 630-854-9717 Matthews Real Estate Investment Services
Tyler Swade 630-854-9717 Matthews Real Estate Investment Services