1824 Deep Run Rd Pipersville, PA 18947-9782
- Retail residential properties
- 3.26 lot acres
Apr 13, 2022
Current Use by Public Records
- Piper Veterinary Clinic: Finegan Caryn DVM / Veterinary Clinic
- Piper Veterinary Clinic / Veterinary Clinic
- Schultz Janet DVM / Veterinary Clinic
Property Details for 1824 Deep Run Rd
- Year built
- 2003
- Lot size
- 3.26 lot acres
- Zone code
- C2
- Property type
- Retail residential properties
- APN
- 01-012-142-002
- APU
- 1012142002
Description
This fee-simple medical office building in Pipersville, Bucks County, Pennsylvania, offers a compelling investment opportunity. The 3,445 square foot property is 100% occupied by Veterinary Innovative Partners under a 10-year Net Net lease (NN) with a corporate guarantee, providing minimal landlord responsibilities. The lease commenced April 10, 2022, and has a remaining term of approximately 7.4 years, with a 5-year option to renew at a 2% annual rent increase. The building, constructed in 2003, sits on a 3.26-acre lot and boasts a strong net operating income (NOI) of $65,004, resulting in a 7.50% capitalization rate. The asking price is $866,720, translating to $251.59 per square foot. This investment benefits from the resilient nature of the veterinary services market, which has shown consistent growth, driven by increasing pet ownership and spending on pet healthcare. The property presents a stable, low-maintenance income stream with significant upside potential due to the long-term lease and built-in rent increases. The property address is 1824 Deep Run Rd, Pipersville, PA 18947.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $785,000
- ML approach
- $810,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pipersville
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.1436
- Latitude
- 40.4238
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
