Net-Leased Medical Testing Facility with
New
For Sale
Contact for pricing
805 N Wilson Ave, Bristol, PA 19007
Labcorp operates a 24/7 medical sample processing facility on-site, with an adjacent digital billboard leased to Outfront Media.
Property Size13,042 SF
Price / SF$212.83
Days on Market4
Property Features for 805 N Wilson Ave
General Information
Standard status
Active
Size
13,042 SF
Property subtype
INDUSTRIAL
Listing Agency:
SAB
(847) 571-3999
Listed By:
Asher Wenig · License #10301219652
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 7:07AM
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 SAB
Investment Insights
Based on property information with market context.
805 N. Wilson Avenue is a net-leased medical testing and logistics facility occupied by Labcorp, providing sample processing and logistics operations that run 24/7. Labcorp occupies a 13,042-square-foot facility on 3.69 acres. An on-site digital billboard leased to Outfront Media creates a second, supplemental revenue stream.
The property is located just outside Philadelphia, immediately off Interstate 95, offering strong regional connectivity and visibility from the interstate corridor. The tenants are both national, publicly traded organizations, supported by newly executed lease extensions: Labcorp’s lease runs through 2036, and Outfront Media’s lease extends through 2045, each including multiple extension options.
The Labcorp lease includes 2.0% annual rent increases throughout the base term and option periods. The Outfront Media lease is structured as the greater of a minimum rent (with increases every five years, followed by 2.0% annual increases during option periods) or 30% of net revenue generated at the site. The Labcorp operation employs over 100 personnel and supports testing demand across Eastern Pennsylvania, Philadelphia, Southern New Jersey, and Northern Delaware.
The property is located just outside Philadelphia, immediately off Interstate 95, offering strong regional connectivity and visibility from the interstate corridor. The tenants are both national, publicly traded organizations, supported by newly executed lease extensions: Labcorp’s lease runs through 2036, and Outfront Media’s lease extends through 2045, each including multiple extension options.
The Labcorp lease includes 2.0% annual rent increases throughout the base term and option periods. The Outfront Media lease is structured as the greater of a minimum rent (with increases every five years, followed by 2.0% annual increases during option periods) or 30% of net revenue generated at the site. The Labcorp operation employs over 100 personnel and supports testing demand across Eastern Pennsylvania, Philadelphia, Southern New Jersey, and Northern Delaware.
Key Highlights
- 13,042‑square‑foot Labcorp facility on 3.69 acres
- Labcorp operates 24/7 as a sample processing and logistics hub with over 100 personnel
- On‑site digital billboard leased to Outfront Media
Financial Insights For Healthcare Medical
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 | $328.7k | $25.20 |
| − Vacancy | −$27.9k | −$2.14 |
| EGI | $300.7k | $23.06 |
| − OpEx | −$120.3k | −$9.22 |
| NOI | $180.4k | $13.83 |
13,042 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.58M
$2.26M – $3.01M
NOI $180,433 @ 7.0% cap · market cap 6.50%
Second Best
Warehouse
$1.91M
$1.67M – $2.22M
NOI $133,401 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,794 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Labcorp operates a 24/7 medical sample processing facility on-site, with an adjacent digital billboard leased to Outfront Media.
Where is this medical center located?
The property is located at 805 N Wilson Ave Bristol, PA.
What is the asking price?
The asking price for this property is $2,775,692.
What are key features of this property?
This property features: 13,042‑square‑foot Labcorp facility on 3.69 acres; Labcorp operates 24/7 as a sample processing and logistics hub with over 100 personnel; On‑site digital billboard leased to Outfront Media
