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1000 Alliance Dr
Hazleton, PA 18202

$5,483,739 USD

Medical For Sale  •  13,090 SF

Property Details

• Property Type Medical
• Total Building Size 13,090 SF
• Lot Size 5.58 AC
• Building Class C
• Year Built 2000
• Tenancy Multiple
• Zoning B-2

0 Transit Score

38 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.

Public Transportation

Airport	Drive	Walk	Distance
Wilkes-Barre/Scranton International	47 min	-	33.9 mi
Lehigh Valley International	80 min	-	49.4 mi