Single-Story NNN Medical
For Sale
Contact for pricing
51 S Pine Street, Elverson, PA 19520
Four established operators occupy the building under new triple-net leases with annual rent escalations and renewal options.
Property Size20,000 SF
Price / SF$205
Days on Market53
Property Features for 51 S Pine Street
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Retail, Office
Occupancy
100%
Additional Details
Office Units
4
Building Details
Buildings
1
Stories
1
Building Size
20,000 SF
Tenancy
Multi
Listing Agency:
VRA Realty Commercial
Listed By:
Brady Carroll · License #RS318466
(610) 291-9895
Source:
Crexi
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 1 at 2:27AM
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 VRA Realty Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,000-square-foot, single-story commercial building at 51 S Pine Street is fully occupied by four established service-based operators spanning urgent care and primary care, fitness, physical therapy, and chiropractic services. The occupants are A-Z Urgent Care / Primary Care, A-Z Fitness, Kinetic Physical Therapy, and a chiropractic practice.
Each tenancy is structured under a new triple-net lease with 3.0% annual rent escalations and two renewal options. A-Z Urgent Care / Primary Care leases 10,000 square feet while using 8,000 square feet for its operations, leaving 2,000 square feet within its leased area that may support a future sublease arrangement. The property is located in Elverson, Pennsylvania, at 51 S Pine Street.
Each tenancy is structured under a new triple-net lease with 3.0% annual rent escalations and two renewal options. A-Z Urgent Care / Primary Care leases 10,000 square feet while using 8,000 square feet for its operations, leaving 2,000 square feet within its leased area that may support a future sublease arrangement. The property is located in Elverson, Pennsylvania, at 51 S Pine Street.
Key Highlights
- 20,000‑square‑foot single‑story commercial building
- 100% occupied by four established service‑based operators
- New triple‑net leases with 3.0% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,433
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,288,660
$6.3M
Cap Rate 7%
$4,491,900
$4.5M
Cap Rate 9%
$3,493,700
$3.5M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$520.8K $26.04/SF
− Vacancy
−$101.6K −$5.08/SF
EGI
$419.2K $20.96/SF
− OpEx
−$104.8K −$5.24/SF
NOI
$314.4K $15.72/SF
Area
Chester 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%
$6,288,660
Cap Rate 7%
$4,491,900
Cap Rate 9%
$3,493,700
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,433 @ 7.0% cap · market cap 7.67%
Second Best
Healthcare Medical
$4.43M
$3.88M – $5.17M
NOI $310,003 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$6.06M
$5.31M – $7.07M
NOI $424,466 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 19520, PA
5,932
Population
2,532
Households
2.3
Avg Household Size
50
Median Age
36%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
158
Density / Sq Mi
$98,882
Median Household Income
$50,474
Median Earnings
$1,111
Median Rent
$403,600
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
Frequently Asked Questions
What type of property is this?
NNN property - Four established operators occupy the building under new triple-net leases with annual rent escalations and renewal options.
Where is this nnn property located?
The property is located at 51 S Pine Street Elverson, PA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 20,000‑square‑foot single‑story commercial building; 100% occupied by four established service‑based operators; New triple‑net leases with 3.0% annual rent escalations
