Triple-Net Leased Medical Outpatient
For Sale
Contact for pricing
2010 N Broad St, Lansdale, PA 19446
Single-tenant outpatient facility under a fee-simple triple-net lease to Jefferson Health since 2018.
Property Size8,000 SF
Price / SF$418.75
Days on Market173
Property Features for 2010 N Broad St
General Information
Standard status
Active
Size
8,000 SF
Property subtype
OFFICE
Additional Details
Traffic Count
16,200 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
James Yi · License #RS345286
(215) 460-2603
Source:
Moodyscre
Added: May 12
Changed: Oct 25
Last Checked: Oct 30 at 6:02PM
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 Forged Real Estate
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Investment Insights
Based on property information with market context.
An outpatient facility operated under a fee-simple, triple-net (NNN) lease. Jefferson Health has occupied the property since 2018 and recently executed a 10-year lease amendment with 2% annual rent escalations, reflecting a long-term commitment that supports predictable income growth. The tenant has also expanded its presence with the addition of primary care services.
The facility is prominently located along N. Broad Street, a primary commercial corridor with approximately 16,200 vehicles per day, and sits less than one mile from Jefferson Hospital Lansdale. The surrounding medical mix includes prominent providers such as Penn Medicine and LabCorp next door.
The property is positioned within a dense, affluent trade area featuring approximately 153,000 residents and 59,000 households within five miles, with average household income around $150,000 within five miles and above $147,000 within one mile. The area also has a strong concentration of aging residents, with 36% of the population aged 55+ within five miles. Within three miles, Penn Medicine is developing a 162,000-square-foot multispecialty outpatient center scheduled to open in late 2027, further supporting local outpatient capacity expansion.
The facility is prominently located along N. Broad Street, a primary commercial corridor with approximately 16,200 vehicles per day, and sits less than one mile from Jefferson Hospital Lansdale. The surrounding medical mix includes prominent providers such as Penn Medicine and LabCorp next door.
The property is positioned within a dense, affluent trade area featuring approximately 153,000 residents and 59,000 households within five miles, with average household income around $150,000 within five miles and above $147,000 within one mile. The area also has a strong concentration of aging residents, with 36% of the population aged 55+ within five miles. Within three miles, Penn Medicine is developing a 162,000-square-foot multispecialty outpatient center scheduled to open in late 2027, further supporting local outpatient capacity expansion.
Key Highlights
- Single‑tenant outpatient facility under a fee simple, triple‑net (NNN) lease to Jefferson Health since 2018.
- Recent 10‑year lease amendment includes 2% annual rent escalations, providing predictable income growth.
- Outpatient facility is on N. Broad Street along a major commercial corridor with approximately 16,200 vehicles per day.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,773
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,460
$2.5M
Cap Rate 7%
$1,796,757
$1.8M
Cap Rate 9%
$1,397,478
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$208.3K $26.04/SF
− Vacancy
−$40.6K −$5.08/SF
EGI
$167.7K $20.96/SF
− OpEx
−$41.9K −$5.24/SF
NOI
$125.8K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,460
Cap Rate 7%
$1,796,757
Cap Rate 9%
$1,397,478
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,773 @ 7.0% cap · market cap 3.75%
Second Best
Healthcare Medical
$1.65M
$1.45M – $1.93M
NOI $115,618 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$4.60M
$4.03M – $5.37M
NOI $322,118 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16,200 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
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Business Placement
Demographics for 19446, PA
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,608
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant outpatient facility under a fee-simple triple-net lease to Jefferson Health since 2018.
Where is this medical center located?
The property is located at 2010 N Broad St Lansdale, PA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Single‑tenant outpatient facility under a fee simple, triple‑net (NNN) lease to Jefferson Health since 2018.; Recent 10‑year lease amendment includes 2% annual rent escalations, providing predictable income growth.; Outpatient facility is on N. Broad Street along a major commercial corridor with approximately 16,200 vehicles per day.
