1733 Howell Rd
Hagerstown, MD 21740
Office Property For Sale

This single-tenant medical office property offers a secure investment opportunity backed by a health system credit tenant, Meritus Health. Located at 1733 Howell Road in Hagerstown, Maryland, the asset is fully leased to Meritus Health – Hagerstown Heart, a key component of the region’s leading healthcare provider. The tenant recently executed an early lease extension, demonstrating long-term commitment to this mission-critical location.
The property spans 20,454 square feet and sits on a well-positioned site with convenient access to major thoroughfares, including Interstate 70 and Route 40. Built in 2004, the facility features modern medical infrastructure and ample parking with 131 spaces, supporting patient and staff needs. The current lease structure is a triple-net (NNN) arrangement, providing investors with stable, predictable income and minimal landlord responsibilities.
With a remaining lease term of 7.4 years and annual escalations, this offering delivers a strong income stream and attractive yield. The corporate guaranty from Meritus Medical Center, Inc., rated Fitch ‘A’, further enhances the credit profile and investment security. This property represents a rare opportunity to acquire a healthcare asset in a growing market with a trusted regional health system as the sole tenant.