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UPMC Primary Care 1550 Rodney Rd

10,000 SF Retail Building York, PA 17408 £2,367,000 (£237/SF) 6.70% Net Initial Yield

Investment Highlights

  • 10-Year Lease Extension to Commence January 2025 | New Extension Allows UPMC to Expand Footprint in Building to 100%
  • Synergistic Multi-Specialty Medical Facility | UPMC Provides Primary Care & Lab Services at Location
  • Annual Rental Increases Provides Hedge Against Inflation | 2.5% Annual Rental Increases Scheduled Throughout Current Term
  • Landlord Friendly Lease Structure | Triple Net Lease Provides Ownership with Passive Investment
  • Significant CapEx Invested by Tenant & Landlord | $777,000+ Capital Improvements Made by Tenant | Parking Lot Completely Replaced by Landlord in 2024
  • Ideal Location Adjacent from UPMC Memorial Hospital | 104-Bed 2019 Construction Hospital with All Private Patient Rooms

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
10,000 SF
Building Class
B
Year Built
1992
Price
£2,367,000
Price Per SF
£237
Net Initial Yield
6.70%
NOI
£158,589
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
1.84 AC
Zoning
CM
Parking
44 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
163 ft on Rodney Road

Nearby Major Retailers

Olive Garden Italian Rstrnt
Starbucks
Smokey Bones
Quaker Steak & Lube
Fulton Bank
Wings To Go
PNC Bank
Weis Markets
Denny's
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-000-30-0021.00-00000
Land Assessment
£207,452
Improvements Assessment
£421,673
Total Assessment
£629,125
  • Listing ID: 33072581

  • Date on Market: 05/09/2024

  • Last Updated:

  • Address: 1550 Rodney Rd, York, PA 17408

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