2715 Wilmington Rd | New Castle, PA 16105
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- LoopNet Team
2715 Wilmington Rd
New Castle, PA 16105
Sharon Regional Medical Center · Retail Property For Sale
Investment Highlights
- Steward Sharon Regional Health Systems is a wholly owned subsidiary of Steward Health Care
- Medical tenanted properties are in high demand as the need for their necessity-based services only grow and they are not susceptible to e-commerce
- The tenant has the right and flexibility to expand their GLA by approximately 6,000 square feet
- S.S.R.H.S. recently executed a new 10-year NNN lease with rental increases throughout the base term and all of the three, five-year options to renew
- The lease has a built-in management fee of 4% of the gross rent collected, currently totaling roughly $8,000/year, which has not been included in NOI
- The Subject Property boasts a triple net lease with minimal landlord responsibilities or expenses making it an easy asset to own from anywhere
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
2019/2020
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.34
Lot Size
1.00 AC
Zoning
C2 - Allows for a variety of commercial activities including stores and offices aimed at supporting larger scale commercial developments
Frontage
240 FT on Wilmington Rd
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $911,100 | |
| Land Assessment | $830,500 | Total Assessment | $1,741,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$830,500
Improvements Assessment
$911,100
Total Assessment
$1,741,600
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