NNN Medical
New
For Sale
$5,483,739
1000 Alliance Dr, Hazleton, PA 18202
Absolute net medical facility leased to a health system operator with long-term contractual rent growth.
Lot Size5.58 Acres
Days on Market3
Property Features for 1000 Alliance Dr
General Information
Standard status
Active
Lot size
5.58 Acres
Property subtype
Commercial
Occupancy
100%
Lease Term
±14.35 YRS
Net Operating Income
$315,315
Additional Details
Road Access
Yes
Building Details
Building Size
13,090 SF
Year Built
2000
Tenancy
Single
Owner Occupied
No
Listing Agency:
Matthews Real Estate Investments Services | New York
(630) 854-9717
Listed By:
Tyler Swade · License #02238285 (CA)
(630) 854-9717
Source:
Matthews
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 4:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investments Services | New York
Investment Insights
Based on property information with market context.
The property is a medical facility occupied under an absolute net lease by Lehigh Valley Health Network, Inc., a Pennsylvania nonprofit corporation. The permitted use includes medical offices, surgical services, clinical operations, and diagnostic testing. The lease carries a 15-year initial term with over 14 years remaining and provides 2.5% annual rental escalations. The tenant is responsible for operating expenses, including real estate taxes, insurance, and utilities, and reimburses amortized capital replacements at SOFR plus 250 basis points as additional rent.
The offering includes a 5.58-acre site at 1000 Alliance Drive in Hazleton, Pennsylvania, with frontage along the S.R. 3026 Airport Beltway. The facility was built in 2000 and is located within the Wilkes-Barre-Hazleton MSA, which has a population of 574,000, including approximately 20% aged 65 or older. The lease is supported by a full corporate guarantee from Lehigh Valley Health Network, Inc.; Jefferson Health is identified with an S&P A rating.
The offering includes a 5.58-acre site at 1000 Alliance Drive in Hazleton, Pennsylvania, with frontage along the S.R. 3026 Airport Beltway. The facility was built in 2000 and is located within the Wilkes-Barre-Hazleton MSA, which has a population of 574,000, including approximately 20% aged 65 or older. The lease is supported by a full corporate guarantee from Lehigh Valley Health Network, Inc.; Jefferson Health is identified with an S&P A rating.
Key Highlights
- Absolute net lease with tenant responsibility for operating expenses, taxes, insurance, and utilities
- 15‑year initial lease term with over 14 years remaining
- 2.5% annual rental escalations throughout the lease term
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $380.1k | $29.04 |
| − Vacancy | −$72.2k | −$5.52 |
| EGI | $307.9k | $23.52 |
| − OpEx | −$77.0k | −$5.88 |
| NOI | $230.9k | $17.64 |
13,090 SF · lease $29.04/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.30M
$2.89M – $3.85M
NOI $230,931 @ 7.0% cap · market cap 4.21%
Second Best
Healthcare Medical
$2.22M
$1.94M – $2.59M
NOI $155,226 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,284 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 18202, PA
13,894
Population
6,036
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
35.0 sq mi
ZIP Area
397
Density / Sq Mi
$55,517
Median Household Income
$35,330
Median Earnings
$1,029
Median Rent
$182,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute net medical facility leased to a health system operator with long-term contractual rent growth.
Where is this nnn property located?
The property is located at 1000 Alliance Dr Hazleton, PA.
What is the asking price?
The asking price for this property is $5,483,739.
What are key features of this property?
This property features: Absolute net lease with tenant responsibility for operating expenses, taxes, insurance, and utilities; 15‑year initial lease term with over 14 years remaining; 2.5% annual rental escalations throughout the lease term
