Absolute NNN Pediatric Medical
For Sale
$19,500,000
3645 N Front St, Philadelphia, PA 19134
Fee simple acquisition of an absolute NNN leased pediatric medical building with over 16 years remaining.
Days on Market60
Property Features for 3645 N Front St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
SRS Real Estate Partners | McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #RSR006585
(202) 286-1542
Source:
Srsre
Added: Jun 1
Changed: Jul 21
Last Checked: Jul 30 at 2:26AM
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 SRS Real Estate Partners | McLean
Investment Insights
Based on property information with market context.
SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CTL-financed, Zero Cash Flow property: St. Christophers Pediatrics in Philadelphia, Pennsylvania. The tenant has over 16 years remaining. The lease includes scheduled rental increases every five years throughout the term.
The building is leased to a JV between Tower Health and Drexel University. The property is structured as an absolute NNN lease with zero landlord responsibilities.
The Zero Cash Flow structure also includes a paydown/readvance feature that may benefit buyers using a 1031 exchange.
The building is leased to a JV between Tower Health and Drexel University. The property is structured as an absolute NNN lease with zero landlord responsibilities.
The Zero Cash Flow structure also includes a paydown/readvance feature that may benefit buyers using a 1031 exchange.
Key Highlights
- Fee simple acquisition (land & building ownership) of a pediatric medical building in Philadelphia, PA
- Built in 2013 and operated under an absolute NNN lease
- Tenant has over 16 years remaining on the lease term
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fee simple acquisition of an absolute NNN leased pediatric medical building with over 16 years remaining.
Where is this medical center located?
The property is located at 3645 N Front St Philadelphia, PA.
What is the asking price?
The asking price for this property is $19,500,000.
What are key features of this property?
This property features: Fee simple acquisition (land & building ownership) of a pediatric medical building in Philadelphia, PA; Built in 2013 and operated under an absolute NNN lease; Tenant has over 16 years remaining on the lease term
