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1495 N Center Ave
Somerset, PA 15501

$3,852,000 USD

Assisted Living For Sale  •  13,300 SF

Property Details

  • Property Type Assisted Living
  • Total Building Size 13,300 SF
  • Lot Size 3.74 AC
  • Building Class C
  • Year Built 2020
  • Cap Rate 7.50 %
0 Transit Score
42 Walk Score

Highlights

LONG-TERM LEASE WITH STRONG NONPROFIT GUARANTOR - leased to and guaranteed by Pittsburgh Care Partnership/Community LIFE and backed by UPMC
NNN lease offers a passive ownership experience with minimal landlord responsibilities (roof & structure) or expenses
Located within a concentrated medical hub including UPMC Somerset Hospital less than 2 miles away
This location offers excellent visibility and easy regional access via the convergence of the PA Turnpike (I-76), US Hwy 219, and US Hwy 601
Over 25% of the population within 5 miles of the site falls into the Baby Boomer age group, which aligns perfectly with Tenant's target demographic
New 15-yr. NNN* lease that has over 8.5 years remaining on the initial term, with two 5-year renewal options thereafter
Cap Rate: 7.50 %

Public Transportation

AirportDriveWalkDistance
Arnold Palmer Regional 54 min - 32.4 mi
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.