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Liberty Urgent Care - 401 Horsham Rd 401 Horsham Rd

8,734 SF Office Building Horsham, PA 19044 $3,793,548 ($434/SF) 7.75% Cap Rate

Investment Highlights

  • Recent Construction – The property was built in 2016 and has been tenant by Liberty Urgent Care since it was completed
  • Features a 5.00% rental increase every 3 years that serves as inflation protection through the growth of cash flow over the life of the lease
  • $56 Billion Dollar Urgent Care Industry - valued at $56.7B in 2022 and is expected to expand at a compound annual growth rate of 10.99%
  • Extremely Passive Investment -landlord friendly lease structure with no landlord responsibilities that is ideal for out of state investors
  • E-Commerce Resistant Tenant - Urgent care clinics now handle approximately 200 million patient visits each year, reaching $48B in revenue in 2023
  • Personal Guarantee –The operator has personally guaranteed the lease, showing their commitment to the business & the success of this specific location

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,734 SF
Building Class
A
Year Built
2016
Price
$3,793,548
Price Per SF
$434
Cap Rate
7.75%
NOI
$294,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,367 SF
Building FAR
0.25
Land Acres
0.79 AC
Zoning
LC3 - Commercial
Parking
54 Spaces (6.18 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Signage
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Central Heating
  • Partitioned Offices
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-00-05500-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$633,490
  • Listing ID: 33073299

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 401 Horsham Rd, Horsham, PA 19044

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