1970 N Broad St Lansdale, PA 19446

This exceptional 12,000 square foot medical office building presents a compelling value-add investment opportunity in Lansdale, Pennsylvania. Located at 1970 N Broad St, this property boasts a prime location in Montgomery County, situated on a 1.54-acre lot. The building, constructed in 1982 and recently renovated, is currently 98% occupied by two high-credit tenants: Penn Medicine and LabCorp, providing a strong corporate guarantee. The current lease structure is a triple net (NNN) lease with annual rent bumps of 3%, ensuring consistent income growth. The asking price is $2,640,000, translating to a price per square foot of $220. The property generates a substantial net operating income (NOI) of $228,218, resulting in an attractive cap rate of 8.64%. This presents a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a desirable medical market. The property's strong tenancy, recent renovations, and favorable lease terms make it an ideal investment for both seasoned and emerging investors seeking a secure and profitable addition to their portfolio. The location offers excellent visibility and accessibility, further enhancing its investment appeal.