UPMC Primary Care | Everett, PA 745 Raystown Rd 8,000 SF Retail Building Everett, PA 15537 $3,169,239 CAD ($396.15 CAD/SF) 7.50% Cap Rate

CBRE is pleased to exclusively present for sale the UPMC Primary Care Group building in Everett, Pennsylvania. Its strategic location on 2.68 acres along Raystown Road offers high visibility and easy access, with traffic counts exceeding 3,800 vehicles per day. The property benefits from proximity to major interstates and highways, specifically U.S. Route 30, I-99, which connects to State College, PA and Penn State University’s main campus, and the PA Turnpike (I-76). This section of the Turnpike sees 36,543 VPD past the city of Everett.
The property boasts a strong corporate guarantee from Community Medicine Inc., a UPMC subsidiary, securing a new 10-year lease with 10% rental increases every 5 years and 1 x 5yr. renewal option. Furthermore, the recent complete gut-renovation transformed the building into a state-of-the-art medical facility, minimizing future maintenance costs. With a double-net lease structure, minimal landlord responsibilities, and potential for future redevelopment on the oversized parcel, this investment opportunity offers long-term stability and growth potential in a thriving submarket.
Surrounded by retail amenities, the building enjoys a convenient location near grocery stores, dining options, the Everett Free Library, and Tenley Park. Additionally, national retailers like Dollar General and Family Dollar contribute to the area's convenience, fostering a stable and growing demographic environment. With average household incomes ranging from $72,000 to $76,000 within the 3, 5, and 10-mile radius, and a growing population density, the property is positioned for sustained growth.