2640 Walbert Ave Allentown, PA 18104

This exceptional investment opportunity presents the fee simple interest in a 1,672 square foot, NNN-leased Allentown Animal Clinic. Located at 2640 Walbert Ave, Allentown, PA 18104, this single-tenant property boasts a 9% cap rate and a strong NOI of $96,489. The current lease, with Community Veterinary Partners, has approximately 2.9 years remaining on the initial 10-year term, followed by three 5-year renewal options. Annual rent increases of 2% are built into the lease, ensuring consistent income growth. The property sits on a 0.38-acre lot with 15 parking spaces and benefits from high visibility due to significant street frontage and a pylon sign. The location enjoys substantial daily traffic on Walbert Avenue (8,737 vehicles) and is situated near major retailers like Target, Starbucks, and Dunkin'. The 5-mile trade area has a population of 227,059 and 96,948 daytime employees, with an average household income of $95,806. Built in 1971, this property is a low-management investment, ideal for passive investors, with the landlord responsible only for the roof, foundation, walls, structure, utility lines and cables, and sewer. The asking price is $1,072,000, representing a price per square foot of $641.15. APN: 548765107711-1.