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Single-Tenant Office Medical

Patient First | 12+ Years Remaining | Philadelphia MSA | Rent Bump in 2027

1411 S Collegeville Rd, Collegeville, PA 19426

Listing Price: $6,662,224

Cap Rate
6.25%
Tenant Name
Patient First
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
7,151
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.23

Investment Overview

Approximately 12 years remain on a NNN lease with 10 percent rental increases every five years during the base term and six, five-option periods. These increases provide an excellent hedge against inflation, with the next one forthcoming in 2027, which will boost an investor’s yield by 60 BPS. The lease is corporately guaranteed by the 2nd largest urgent care brand in the region, with 78 locations and plans for continued expansion. Given the fee simple nature of the offering, there are significant depreciation benefits available, especially with a cost segregation study.

Investment Highlights

  • Elevated 1-Acre Parcel to 23,062 VPD
  • Adjacent to Wegmans-Anchored Town Center & Medical Drivers
  • $230,609 AHHI, 51% Population Growth Since 2010 Within 1-Mile; Philadelphia MSA

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Single-Tenant Office Medical

Patient First | 12+ Years Remaining | Philadelphia MSA | Rent Bump in 2027

Listing Price: $6,662,224

Cap Rate
6.25%
Tenant Name
Patient First
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
7,151
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.23

Investment Highlights

  • Elevated 1-Acre Parcel to 23,062 VPD
  • Adjacent to Wegmans-Anchored Town Center & Medical Drivers
  • $230,609 AHHI, 51% Population Growth Since 2010 Within 1-Mile; Philadelphia MSA

Investment Overview

Approximately 12 years remain on a NNN lease with 10 percent rental increases every five years during the base term and six, five-option periods. These increases provide an excellent hedge against inflation, with the next one forthcoming in 2027, which will boost an investor’s yield by 60 BPS. The lease is corporately guaranteed by the 2nd largest urgent care brand in the region, with 78 locations and plans for continued expansion. Given the fee simple nature of the offering, there are significant depreciation benefits available, especially with a cost segregation study.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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