3735 Nazareth Rd Easton, PA 18045
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.
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Northwood Medical Arts Medical Clinic
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Julius K. Silva, PT Physician
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Christopher Latchford, OT Physician
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Harvey J. Hakim, MD Physician
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Mark Koshar, MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.