1437 Dekalb St Norristown, PA 19401

This fee-simple multi-tenant medical office building, totaling 17,973 square feet, presents a compelling investment opportunity. Anchored by Children's Hospital of Philadelphia (CHOP), an investment-grade tenant (Moody's Aa2), and Jefferson Health (Moody's A2), the property boasts a strong tenant profile. CHOP occupies the space under a 10-year NNN lease (commencing April 1, 2020, expiring March 31, 2030), with rent bumps included. The building underwent a significant expansion and renovation in 2019. Norristown Family Physicians, a Jefferson Health entity, also occupies space within the building, demonstrating long-term commitment to the location. The property features a 7.00% cap rate and a Net Operating Income (NOI) of $270,984. The asking price is $3,871,000 ($215.38/SF). Located on DeKalb Street (Route 202) in Norristown, Pennsylvania (Montgomery County, zip code 19401), this 1.5-acre property benefits from high visibility and proximity to other major medical facilities. The seller will provide a 5-year master lease for the remaining vacancy, ensuring 100% economic occupancy upon acquisition. Lease options include one (1) and five (5) year options. The building was constructed in 1991. The property's location within affluent Montgomery County, with a high percentage of insured residents and a strong concentration of families, further enhances its investment appeal. The area boasts a high average household income of $137,000 within a five-mile radius.