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Property profile & analytics
OFF-MARKET
Office Spaces

3735 Nazareth Rd Easton, PA 18045

8,160 SF
Property ID
Property summary
AI-generated overview

This exceptional 8,160-square-foot medical office condo, located at 3735 Nazareth Rd in Easton, Pennsylvania, presents a compelling investment opportunity. The property is currently 100% occupied under a triple-net (NNN) lease with Lehigh Valley Health Network, a leading healthcare provider, extending to February 28, 2030, offering a remaining lease term of 5.3 years. The tenant, an established physician group with over 60 years of experience and employing 8 doctors, recently completed over $1,000,000 in tenant improvements, including new flooring, interior renovations, and the creation of six exam rooms, a provider office, bathroom, and conference room. The suite also features an upgraded nurse station, phone room, and workstations. The property boasts a strong net operating income (NOI) of $155,040, resulting in an attractive 8.60% cap rate. This prime location benefits from its proximity to the Lower Nazareth Commons shopping center, featuring major retailers, and is strategically situated near Lehigh Valley Health Network's new hospital and medical campus. Easton, PA demonstrates robust economic indicators, including a high average household income of $115,238 within a 3-mile radius and a 16.1% population increase over the past three years. The asking price is $1,802,790, translating to $220.93 per square foot. This investment offers a stable, high-performing asset in a thriving market with significant upside potential. There are no rent bumps or lease options included in the current lease agreement.

Property profile
Verified
Property type Office Spaces
Total area 8,160 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Northwood Medical Arts Medical Clinic
  • Julius K. Silva, PT Physician
  • Christopher Latchford, OT Physician
  • Harvey J. Hakim, MD Physician
  • Mark Koshar, MD Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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