Single Tenant NN Investment Opportunity
$2,240,000
529 West Broad Street, Bethlehem, PA 18018
7
Cap Rate
156,820
NOI
Details:
Description:
Recent Extension Option Executed | Lehigh Valley Health Network | Strong Tenant | Scheduled Rental Increases
• The tenant, Lehigh Valley Health Network recently executed its first option period, with another option to extend
• Lehigh Valley Health Network (LVHN) is comprised of nine hospital campuses plus numerous health centers, physician practices, rehabilitation locations, ExpressCARE sites and other outpatient care locations in seven eastern Pennsylvania counties
• The lease includes 4% rental increases every two years throughout the initial term and options to extend, increasing NOI and hedging against inflation
NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
• Landlord responsibilities limited to maintaining and repairing the roof, structure and exterior of the premises
• Ideal, low-management investment opportunity for a passive investor
Complete Building Renovation
• Complete building renovation/build to suit for the tenant in 2014
Hard Corner Intersection | W. Broad Street | Centrally Located | Directly off Fred B. Rooney Hwy | Excellent Visibility & Access
• Subject property is strategically located at the hard corner intersection of 5th Avenue and W. Broad Street
• Broad Street is a primary East/West thoroughfare serving Bethlehem and the immediate trade area
• Directly off Fred B. Rooney Hwy/State Hwy 378
• The asset benefits from significant street frontage along W. Broad Street, promoting excellent visibility and ease of access
3 Miles South of LVHN Muhlenberg | 238 Staffed Beds
• This site is approximately 3 miles south of the Lehigh Valley Health Network (LVNH) Muhlenberg campus
• Muhlenberg campus is centrally-located in the Lehigh Valley, providing convenient access to emergency or planned care and equipped with 238 staffed beds
Documents:
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Offering Memorandum
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Location

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