1824 Deep Run Rd Pipersville, PA 18947-9782

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.

Location Insight

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

Property Tax & Assessments