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STNL DaVita | Allentown MSA, PA 1220 3rd St 7,791 SF Retail Building Whitehall, PA 18052 $2,223,000 ($285.33/SF) 7% Cap Rate
Investment Highlights
- 5.00+ Years Remaining on Primary Term; Hedge Against Inflation; 10% Rental Increases Every 5 Years; Operating 6 days a week with 12 Dialysis Stations
- NNN Lease; Minimal Landlord Responsibilities; Tenant Responsible for Taxes, Insurance, Parking Lot, CAM, and HVAC
- Dense Infill Location; 119,000+ within 3 Mile Radius; Over 17,000 Vehicles Per Day on 3rd Street
- Corporate Guaranty by Publicly Traded Company (NYSE: DVA); $12B+ in Revenue (2023)
- Allentown/Lehigh Valley MSA; 3rd Largest MSA in Pennsylvania
- Part of the St. Luke’s Hospital Network, One of the Largest Hospital Networks in the Lehigh Valley Region
Executive Summary
- 6.5 Years Remaining on Primary Term
- 10% Rental Increase Every 5 Years
- Dense Infill Location; 119,000+ within 3 Miles
- 10% Rental Increase Every 5 Years
- Dense Infill Location; 119,000+ within 3 Miles
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,791 SF
Building Class
B
Year Built
1972
Price
$2,223,000
Price Per SF
$285.33
Cap Rate
7%
NOI
$155,548
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.90 AC
Zoning
C-1 - Commercial
Parking
42 Spaces (5.39 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 640804183494-1 | Improvements Assessment | $979,700 |
| Land Assessment | $285,700 | Total Assessment | $1,265,400 |
Property Taxes
Parcel Number
640804183494-1
Land Assessment
$285,700
Improvements Assessment
$979,700
Total Assessment
$1,265,400
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STNL DaVita | Allentown MSA, PA | 1220 3rd St
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