Single-Tenant Medical
420 HILLCREST AVE, Grove City, PA 16127
For Sale
Contact for pricing
A fully occupied healthcare property is leased on a triple-net basis with scheduled annual rent increases.
Property Size5,500 SF
Price / SF$172.73
Days on Market14
Property Features for 420 HILLCREST AVE
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Gross Income
Additional Details
Office Units
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Zeustra Inc
Listed By:
Nick Myers · License PA RS322215
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 10 at 7:43AM
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 Zeustra Inc
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Investment Insights
Based on property information with market context.
This medical office property contains approximately 5,500 square feet and is fully occupied by Allegheny Clinic, part of Allegheny Health Network. The clinic operates under a triple-net lease that runs through May 31, 2029, with 2% annual rent increases.
At 420 Hillcrest Avenue in Grove City, Pennsylvania, the property is near AHN Grove City Hospital. Its healthcare tenancy and lease structure define the current operating profile.
At 420 Hillcrest Avenue in Grove City, Pennsylvania, the property is near AHN Grove City Hospital. Its healthcare tenancy and lease structure define the current operating profile.
Key Highlights
- Approximately 5,500 square feet of medical office space
- Fully occupied by Allegheny Clinic, affiliated with Allegheny Health Network
- Triple‑net lease in place through May 31, 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,823
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,460
$1.7M
Cap Rate 7%
$1,211,757
$1.2M
Cap Rate 9%
$942,478
$942.5K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$148.5K $27.00/SF
− Vacancy
−$7.1K −$1.30/SF
EGI
$141.4K $25.70/SF
− OpEx
−$56.5K −$10.28/SF
NOI
$84.8K $15.42/SF
Area
Mercer County, PA
Vacancy
4.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,460
Cap Rate 7%
$1,211,757
Cap Rate 9%
$942,478
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,415 @ 7.0% cap · market cap 11.10%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,675 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16127, PA
15,298
Population
5,731
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
209
Density / Sq Mi
$69,842
Median Household Income
$27,581
Median Earnings
$863
Median Rent
$199,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A fully occupied healthcare property is leased on a triple-net basis with scheduled annual rent increases.
Where is this medical office space located?
The property is located at 420 HILLCREST AVE Grove City, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 5,500 square feet of medical office space; Fully occupied by Allegheny Clinic, affiliated with Allegheny Health Network; Triple‑net lease in place through May 31, 2029
