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STNL DaVita | Allentown MSA, PA 1220 3rd St 7,791 SF Retail Building Whitehall, PA 18052 $3,103,130 CAD ($398.30 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 5.00+ Years Remaining on Primary Term; Hedge Against Inflation; 10% Rental Increases Every 5 Years; Operating 6 days a week with 12 Dialysis Stations
- NNN Lease; Minimal Landlord Responsibilities; Tenant Responsible for Taxes, Insurance, Parking Lot, CAM, and HVAC
- Dense Infill Location; 119,000+ within 3 Mile Radius; Over 17,000 Vehicles Per Day on 3rd Street
- Corporate Guaranty by Publicly Traded Company (NYSE: DVA); $12B+ in Revenue (2023)
- Allentown/Lehigh Valley MSA; 3rd Largest MSA in Pennsylvania
- Part of the St. Luke’s Hospital Network, One of the Largest Hospital Networks in the Lehigh Valley Region
EXECUTIVE SUMMARY
- 6.5 Years Remaining on Primary Term
- 10% Rental Increase Every 5 Years
- Dense Infill Location; 119,000+ within 3 Miles
- 10% Rental Increase Every 5 Years
- Dense Infill Location; 119,000+ within 3 Miles
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,791 SF
Building Class
B
Year Built
1972
Price
$3,103,130 CAD
Price Per SF
$398.30 CAD
Cap Rate
7%
NOI
$217,133 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.90 AC
Zoning
C-1 - Commercial
Parking
42 Spaces (5.39 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 640804183494-1 | Improvements Assessment | $1,381,475 CAD |
| Land Assessment | $402,866 CAD | Total Assessment | $1,784,341 CAD |
PROPERTY TAXES
Parcel Number
640804183494-1
Land Assessment
$402,866 CAD
Improvements Assessment
$1,381,475 CAD
Total Assessment
$1,784,341 CAD
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STNL DaVita | Allentown MSA, PA | 1220 3rd St
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