Concentra Urgent Care | Philadelphia, PA 2010 Levick St 9,500 SF Office Building Philadelphia, PA 19149 £2,414,873 (£254.20/SF) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Concentra Urgent Care has operated at this location for over 30 years, with 9+ years remaining on the current lease
- Located in a densely populated area with 75,107 residents within a 1-mile radius
- This corner parcel at Levick St (6,805 VPD) & Bustleton Ave (15,645 VPD) offers excellent frontage and accessibility to Roosevelt Blvd (70,000+ VPD)
- Concentra is an investment grade tenant and the lease is corporately guaranteed, providing investors with a stable and reliable income stream
- Mission-Critical location with strong workforce demand
- According to Placer.ai, this Concentra location ranks in the 77th percentile nationally for performance and attracts 43,500+ visits annually
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Concentra Urgent Care location at 2010 Levick Street, Philadelphia, Pennsylvania. The tenant operates under a long-term double net (NN) lease with 9+ years remaining and 2.5% annual rental increases. The lease also includes two, five-year renewal options, ensuring steady income growth. Concentra (NYSE: CON) is a financially strong, publicly traded company, providing a corporate guarantee on the lease and offering a stable, reliable income stream for investors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,500 SF
Building Class
B
Year Built
1964
Price
£2,414,873
Price Per SF
£254.20
Net Initial Yield
6.25%
NOI
£150,929
Tenancy
Single
Number of Floors
1
Typical Floor Size
9,500 SF
Building FAR
0.55
Lot Size
0.40 AC
Zoning
C7
1 of 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 882925612 | Improvements Assessment | £1,389,631 |
| Land Assessment | £347,408 | Total Assessment | £1,737,039 |
