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Lehigh Valley Health Network | 14 Yr Abs NNN 1000 Alliance Dr 13,090 SF 100% Leased Office Building Hazleton, PA 18202 $5,483,739 ($418.93/SF) 5.75% Cap Rate
Investment Highlights
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses
- Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc.
- Long-Term Lease: The property features a fifteen (15) year initial term with over 14 years remaining, providing long-term stability and cash flow.
- Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
Executive Summary
Broker of Record
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,090 SF
Building Class
C
Year Built
2000
Price
$5,483,739
Price Per SF
$418.93
Cap Rate
5.75%
NOI
$315,315
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,090 SF
Building FAR
0.05
Lot Size
5.58 AC
Zoning
B-2
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Property Taxes
| Parcel Number | 26-S7-00A-28K-000 | Improvements Assessment | $1,784,200 |
| Land Assessment | $793,500 | Total Assessment | $2,577,700 |
Property Taxes
Parcel Number
26-S7-00A-28K-000
Land Assessment
$793,500
Improvements Assessment
$1,784,200
Total Assessment
$2,577,700
Contacts
-
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Lehigh Valley Health Network | 14 Yr Abs NNN | 1000 Alliance Dr
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