17 White Horse Pike Haddon Heights, NJ 08035

This Class A, 26,450 square foot medical office condo in Haddon Heights, NJ, is offered for sale at $3,150,000. The property boasts a strong 8.00% cap rate and features a Net Lease with a credit-rated corporate guarantee from Radnet, Inc. (RDNT), a publicly traded company with over 10,000 employees and 398 imaging centers nationwide. The single tenant, New Jersey Imaging Network (NJIN), a subsidiary of Radnet, Inc., has occupied the 9,288 net rentable square foot space since February 2, 1989, and operates one of its primary facilities there, offering MRI, CT, and X-Ray services. The current lease, with a remaining term of approximately five years, includes 1.5% annual rent bumps and a single, five-year renewal option. The property, built in 1989 and renovated in 2022, sits on a 1.39-acre lot at 17 White Horse Pike, Suite 9, 08035, and benefits from its location near five major hospitals in a high net-worth suburb of Philadelphia. The property's strong tenant history, corporate guarantee, and attractive lease terms make it an exceptional investment opportunity. The Net Operating Income (NOI) is $252,221. The sale is offered as a condo ownership.