MILFORDMD COSMETIC DERMATOLOGY SURGERY & LASER CENTER
303 W Harford St,
Milford,
PA
18337
$4,200,000
Cap Rate
7%
Price Per SF
$392
Gross SQFT
10,700
Year Built
1990
Term Remaining
±15 YRS
NOI
$294,000
Property Type
Healthcare
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS:
- Stable Long-Term Investment – Offering a 15-Year lease term from close of escrow, and being situated in the New York MSA, makes this a stable long term investment for investors to receive a 7.0% return beginning Year-1.
- Passive Lease Structure – Healthcare properties are sought after for their resistance to recessions and e-commerce. This offers a potential local or national investor a passive NNN investment opportunity.
- Hedge Against Inflation – The lease includes 2% annual rent increases and offers up to 20 years of renewal options, providing investors with a growing cash flow and a hedge against inflation.
- Multi-Billion Dollar Industry – According to Grand View Research, the US Ambulatory Surgical Centers market size is projected to grow from $142.86 Billion in 2024 to $205.52 billion, at a CAGR of 6.25% from 2024 to 2030.
LOCATION HIGHLIGHTS
- New York MSA – Located just 90 minutes from Manhattan, the property is positioned within the New York metropolitan area, which is the most populous in the United States, with an estimated 19.6 million residents in 2024, representing approximately 6.2% of the nation’s population.
- Prime Location – Strategically situated on the Pennsylvania-New Jersey border, the subject property offers excellent accessibility, being conveniently located just off Interstate 84 on the busiest corner in town. This prime location facilitates seamless travel for patients from Pennsylvania, New York, Connecticut, and Massachusetts.
- Affluent Demographics – Income levels within a 5-mile radius surpass $98,000 annually.
Broker of Record
- Kyle Matthews
- License No. RB068831 (PA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203