Current Use by Public Records
- Planned Parenthood of Delaware Seaford center / Medical Clinic
- Jessica Day-Chrzaszcz / Physician
Property Details for 800 Health Services Dr
- Year built
- 2021
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
Exceptional investment opportunity in Seaford, Delaware, featuring a 4,800 square foot Class A medical office building, constructed in 2021. This single-tenant property boasts a nationally recognized medical tenant under a triple-net (NNN) lease with a remaining term of approximately 4.1 years, extending to December 31, 2028. The lease includes annual rent increases of 3% and two three-year renewal options, ensuring consistent income growth. The property enjoys a prime location within Seaford's established medical and professional office corridor, in close proximity to Tidal Health Hospital and other medical facilities. With a current net operating income (NOI) of $81,480 and an asking price of $1,250,000, this investment offers a compelling 6.52% cap rate. The building's high-quality construction and strong tenant occupancy make it an attractive and stable investment opportunity. The property is situated at 800 Health Services Drive, Seaford, DE 19973. This stabilized investment offers a secure and lucrative return for discerning investors seeking a high-quality medical office asset in a thriving Delaware market. The lease commenced July 1, 2021.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seaford
- County
- Sussex
- State
- Delaware
- Longitude
- -75.602
- Latitude
- 38.6601
