Property Details

Medical Optometry Office Condo

Somerset, PA
Property ID: 9360

Financial Summary

Asking Price $395,600
Cap Rate 8.00%
Net Operating Income (NOI) $31,648
Lease Type NNN
Lease Term Remaining 9 Years
Increases 3% Annually
The Offering Memorandum for this property is no longer available.

Contact

Rick Fernandez
Senior Managing Director
703.787.4732

Share Property

Highlights

  • Tenant renewed in 2017 for 10 years
  • Long-term optometry tenant
  • 175,746 SF shopping center situated around a 1915 Georgian revival style mansion
  • Retail, office and service uses only
  • Parking ratio of 5.2:1,000 SF
  • Located just off Pennsylvania Turnpike at exit 110 Somerset
  • Major tenants include Transcat, White Pine Insurance, Prodigy Dialysis, Nulton Diagnostic & Treatment Center, Skills of Central PA, Vitamin World, Precision Fitness Center, Laurel Arts Education and Dance Center

Location

509 Georgian Place
Somerset, PA

Traci BidingerMedical Optometry Office Condo