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.
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.