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745 Raystown Rd
Everett, PA 15537
UPMC Primary Care | Everett, PA · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- The property is backed by a strong corporate guarantee from Community Medicine Inc., a wholly owned subsidiary of UPMC.
- UPMC fully transformed the building into a state-of-the-art primary care facility with modern healthcare technology.
- The building underwent a full renovation, delivering a turnkey medical facility with no deferred maintenance.
- UPMC signed a brand new 10-year lease with 10% rent increases every five years and one 5-year renewal option.
- The 2.68-acre parcel offers future redevelopment potential thanks to its oversized footprint.
- The net lease structure minimizes landlord responsibilities, and the site benefits from excellent visibility and regional highway access.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Year Built/Renovated
2008/2023
Price
$3,235,743 CAD
Price Per SF
$404.47 CAD
Cap Rate
7.50%
NOI
$242,681 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.68 AC
Parking
56 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
189’ on Old Route 26
PROPERTY TAXES
| Parcel Number | 260-018053 | Improvements Assessment | $5,217 CAD |
| Land Assessment | $193,608 CAD | Total Assessment | $198,826 CAD |
PROPERTY TAXES
Parcel Number
260-018053
Land Assessment
$193,608 CAD
Improvements Assessment
$5,217 CAD
Total Assessment
$198,826 CAD
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