3240 Schoolhouse Rd Middletown, PA 17057-3534

This exceptional investment opportunity presents a 40,671 square foot single-tenant office building in Middletown, PA, leased to the Pennsylvania Department of Conservation & Natural Resources (Credit Rated). The property boasts a strong 8.50% cap rate and a substantial Net Operating Income (NOI) of $657,409. Situated on 13.14 acres, the building, constructed in 1981 and extensively renovated in 2022, offers a long-term lease with a remaining term of approximately 7.7 years, expiring August 11, 2032. A significant 16.67% rent increase is scheduled for August 12, 2027. Lease options include one (1) five (5) year extension, extending the lease to August 11, 2037. The lease is a Net Lease (NN) structure, with the tenant responsible for all operating expenses including real estate taxes, utilities, insurance, and maintenance. The property benefits from its strategic location near State Route 283 (35,900 VPD) and Interstate 76 (34,600 VPD), providing excellent access to major transportation arteries and the Harrisburg MSA, home to over 603,000 people. Recent capital improvements exceeding $1 million include HVAC upgrades, a new roof with a 20-year warranty, an emergency generator, lighting upgrades, car charging stations, and parking lot improvements. The tenant has occupied the building since 2001, demonstrating a long-term commitment to the location. This is a rare opportunity to acquire a fee-simple interest in a high-quality, investment-grade property with a stable, long-term tenant. The asking price is $7,735,000.