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601 E Lancaster Ave 10,800 SF Retail Building Shillington, PA 19607 For Sale
Investment Highlights
- Established Dental Operator: Guaranteed by The Smilist DSO, LLC—a leading Northeast dental service organization backed by private equity with over 100
- Attractive Yield & Growth: Long-term lease running through May 2031 features 2.0% annual rent escalations, delivering strong, predictable cash flow gr
- Defensible Rental Rate: Current rent sits at an attractive $1.01/SF/Month ($12.18/SF/Yr) with a below-market baseline, supporting strong future tenant
- Long-Term Operational Stability: Property has operated as a successful dental office for nearly 20 years with 11 existing chairs and room to expand to
- Low-Touch Management: Modified NN lease structure limits landlord responsibilities to capital/structural items, providing an ideal passive investment.
- Prime Commercial Corridor: Situated directly along East Lancaster Avenue with high daily traffic counts, excellent visibility, and close proximity to
Executive Summary
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$134,212
|
$24.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$134,212
|
$24.85
|
| Taxes |
$12,870
|
$2.38
|
| Operating Expenses |
$4,250
|
$0.79
|
| Total Expenses |
$17,120
|
$3.17
|
| Net Operating Income |
$117,092
|
$21.68
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $134,212 |
| Annual Per SF | $24.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $134,212 |
| Annual Per SF | $24.85 |
| Taxes | |
|---|---|
| Annual | $12,870 |
| Annual Per SF | $2.38 |
| Operating Expenses | |
|---|---|
| Annual | $4,250 |
| Annual Per SF | $0.79 |
| Total Expenses | |
|---|---|
| Annual | $17,120 |
| Annual Per SF | $3.17 |
| Net Operating Income | |
|---|---|
| Annual | $117,092 |
| Annual Per SF | $21.68 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
The Smilist was founded in 2014 to create a dental organization that offers exceptional patient experiences. Since its founding, The Smilist has rapidly grown to be one of the leading dental support organizations in the Northeast creating beautiful and long-lasting smiles. Their modern state-of-the-art dental offices are equipped to provide patients with dental experience built around quality and convenience. They utilize the latest dental technology to help diagnose oral health conditions so that they can be treated as early as possible. Their team of high-skilled and compassionate dentists and specialists are there to take care of all dental needs. Whether patients need General, Cosmetic, Orthodontic or more extensive specialty treatment, the team at The Smilist has them covered!
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 77-5306-17-00-2431 | Total Assessment | $470,600 |
| Land Assessment | $177,900 | Annual Taxes | $12,870 ($1.19/SF) |
| Improvements Assessment | $292,700 | Tax Year | 2026 |
Property Taxes
