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670 Lawn AveSellersville, PA 18960
Penn Medicine Medical Office
Asset ClassOffice
INVESTMENT GRADE (AA+) | TOP RANKED MEDICAL TENANT - $11B ENTERPRISE | PRIME MEDICAL CORRIDOR
overview of deal

Overview

This premier medical office investment is anchored by Penn Medicine, an $11 billion health system backed by the University of Pennsylvania, an AA+ rated institution and one of the nation’s most creditworthy medical tenants. The property features a fully NNN lease with zero landlord expense responsibilities, built-in 3% annual rent escalations, and fee simple ownership offering attractive depreciation benefits. Located within a dominant medical corridor adjacent to St. Luke’s Grand View Hospital and multiple healthcare facilities, the 12,555 SF medical office condo benefits from nationally ranked on-site cardiology services, excellent Route 309 visibility and access, and strong demographics, including affluent surrounding communities and projected long-term population growth.

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Investment Highlights

INVESTMENT GRADE CORPORATE GUARANTEE

• Backed by the University of Pennsylvania, an AA+ (S&P) rated

institution and one of the nation’s most creditworthy corporate

medical tenants.

 

TOP-RANKED CARDIOLOGY SERVICES ON-SITE

• Penn Medicine’s cardiology program ranks #9 in the nation per

U.S. News & World Report 2025/2026.

 

FULLY NNN LEASE - ZERO LANDLORD EXPENSES

• All operating costs, taxes, and insurance are passed through to

the tenant. The landlord collects rent with no expense exposure.

 

ANNUAL RENT ESCALATIONS

• Built-in 3% annual increases on the office and storage rent

provides a reliable hedge against inflation and steady income

growth.

 

FEE SIMPLE OWNERSHIP & TAX BENEFITS

• Fee simple ownership structure creates significant tax

depreciation benefits, enhancing after-tax returns for the investor.

 

PRIME MEDICAL CORRIDOR

• Adjacent to St. Luke’s Grand View Hospital & Penn Foundation (3

buildings, 207 beds, 2,000+ employees) and 5 additional medical

office buildings.

 

TOP RANKED MEDICAL TENANT - $11B ENTERPRISE

• Penn Medicine is an $11 billion health system with 5,000+

employees, consistently ranked among the top hospitals in

Pennsylvania and the region.

 

EXCELLENT HIGHWAY VISIBILITY & ACCESS

• Located 0.5 miles from Route 309 (37,000 VPD), providing

exceptional regional accessibility for patients and staff.

 

AFFLUENT & GROWING TRADE AREA

• Average household income of $125K within 3 miles, a population

of 36,000, and projected steady population growth over the next

5 years.

 

STRONG REAL ESTATE FUNDAMENTALS

• 12,555 SF medical office condo situated within a well-established

medical building on a 5.4+ acre campus, with 60 parking spaces

serving the property.

 

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670 Lawn AveSellersville, PA 18960
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