3645 N Front St Philadelphia, PA 19134

Building Details

Year Built

2013

Listing agency SRS Real Estate Partners McLean a***@srsre.com Show Phone

Listed by Andrew Fallon · License #RSR006585 Show Phone

Source Srsre

Added: Jun 1 Updated: Jul 21 at 4:38PM Checked: Jul 21 at 4:38PM

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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.

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

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FAQs

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