NNN Medical Property
New
For Sale
$24,416,974
141 N Vine St, Hazleton, PA 18201
Healthcare facilities leased on an absolute NNN basis with corporate-backed tenancy and medical service applications.
Days on Market2
Property Features for 141 N Vine St
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
± 14.3 Years
Net Operating Income
$1,421,854
Building Details
Building Size
78,525 SF
Units
8
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 3:08AM
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.
This NNN medical property portfolio includes outpatient healthcare locations serving medical office, surgical, clinical, and diagnostic testing functions. The leases use an absolute NNN structure, placing operating expenses and amortized capital costs with the tenant. Each agreement is supported by a full corporate guarantee from Lehigh Valley Health Network, Inc., a Pennsylvania nonprofit corporation acquired by Jefferson Health, which carries an S&P: A rating.
Except for the St. Clair location, the properties have 15-year initial lease terms with over 14 years remaining. Contractual rent increases are set at 2.5% annually. The portfolio spans established Pennsylvania MSAs and secondary markets, including the property at 141 N Vine St in Hazleton, PA 18201. On August 1, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health, creating an academic health system serving Pennsylvania and New Jersey with 32 hospitals, over 700 care sites, and approximately 62,000 employees.
Except for the St. Clair location, the properties have 15-year initial lease terms with over 14 years remaining. Contractual rent increases are set at 2.5% annually. The portfolio spans established Pennsylvania MSAs and secondary markets, including the property at 141 N Vine St in Hazleton, PA 18201. On August 1, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health, creating an academic health system serving Pennsylvania and New Jersey with 32 hospitals, over 700 care sites, and approximately 62,000 employees.
Key Highlights
- Absolute NNN leases assign operating expenses and amortized capital costs to the tenant
- Full corporate guarantee from Lehigh Valley Health Network, Inc., acquired by Jefferson Health (S&P: A)
- 15‑year initial lease terms with over 14 years remaining, except for the St. Clair location
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 | $2.28M | $29.04 |
| − Vacancy | −$433.3k | −$5.52 |
| EGI | $1.85M | $23.52 |
| − OpEx | −$461.8k | −$5.88 |
| NOI | $1.39M | $17.64 |
78,525 SF · lease $29.04/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$19.79M
$17.32M – $23.09M
NOI $1,385,322 @ 7.0% cap · market cap 5.67%
Second Best
Healthcare Medical
$13.30M
$11.64M – $15.52M
NOI $931,181 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$24.88M
$21.77M – $29.02M
NOI $1,741,370 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
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 - Healthcare facilities leased on an absolute NNN basis with corporate-backed tenancy and medical service applications.
Where is this nnn property located?
The property is located at 141 N Vine St Hazleton, PA.
What is the asking price?
The asking price for this property is $24,416,974.
What are key features of this property?
This property features: Absolute NNN leases assign operating expenses and amortized capital costs to the tenant; Full corporate guarantee from Lehigh Valley Health Network, Inc., acquired by Jefferson Health (S&P: A); 15‑year initial lease terms with over 14 years remaining, except for the St. Clair location
