1303 Lincoln Ave, Lincoln Park, MI 15131
This exceptional 8,700 square foot, two-story medical office building in White Oak, Pennsylvania, presents a compelling investment opportunity. Located at 1303 Lincoln Ave, the Class C property boasts a strong 10-year lease with a credit-rated national tenant, commencing December 1, 2023, and expiring November 30, 2033. The current occupancy is 70%, projected to reach full occupancy by November 1, 2024. The property features two tenants and offers a current cap rate of 8.84%, with a pro-forma cap rate of 12.11% and a pro-forma NOI of $90,803. The building, renovated in 2001, sits on a 0.14-acre lot and includes ample parking (3.22 spaces per 1,000 sq ft). Annual rent bumps of $1.00 per square foot are included in the lease. The property is zoned CD and is offered for sale at $749,900, suitable for a 1031 exchange. This owner-user opportunity provides a stable income stream with significant upside potential. The property's prime location in a high-traffic area ensures excellent visibility and accessibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty 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.