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Investment Highlights

  • 100% occupied single-tenant medical office investment leased to Allegheny Health Network
  • Net lease structure provides durable in-place cash flow backed by an institutional healthcare tenant
  • Strategically located in Mercer, PA, serving as a key outpatient primary care location with consistent patient traffic and long-term operation
  • Offered at a $950,000 list price with an attractive 12.22% capitalization rate
  • Current lease runs through December 31, 2026, with ownership actively exploring a lease extension with AHN

Executive Summary

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 400 W Butler Street in Mercer, Pennsylvania — a 100% occupied, single-tenant medical office investment leased to Allegheny Health Network (AHN), one of the leading healthcare systems in Western Pennsylvania and a subsidiary of Highmark Health. Offered at a list price of $950,000, the property represents an attractive 12.22% capitalization rate and provides investors with durable in-place cash flow backed by an institutional healthcare tenant.
The property is occupied by AHN Primary Care under a net lease structure currently running through December 31, 2026. Ownership is actively exploring a lease renewal with the tenant, presenting investors with the opportunity to potentially secure extended lease term while maintaining occupancy with a well-established regional healthcare provider. AHN’s continued expansion of outpatient and community-based healthcare services throughout Western Pennsylvania further supports the strategic importance of this location within the health system’s network.
Strategically located in Mercer, Pennsylvania, the property serves as an important outpatient healthcare destination for the surrounding community and benefits from its accessibility within the region. As a primary care location operated by Allegheny Health Network, the asset provides essential healthcare services that generate consistent patient traffic and support long-term operational stability.
The combination of institutional tenancy, 100% occupancy, strong in-place yield, and the potential for lease extension positions 400 W Butler Street as an attractive opportunity for investors seeking stable healthcare real estate income with upside through continued tenant commitment.

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Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,516 SF
Building Class
B
Year Built
1995
Price
$1,310,800 CAD
Price Per SF
$174.40 CAD
Cap Rate
12.22%
NOI
$160,210 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,516 SF
Building FAR
0.86
Lot Size
0.20 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
65-580-076
Land Assessment
$4,134 CAD
Improvements Assessment
$60,983 CAD
Total Assessment
$65,117 CAD
  • Listing ID: 40694346

  • Date on Market: 2026-05-28

  • Last Updated:

  • Address: 400 W Butler St, Mercer, PA 16137

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