Overview
We are proud to present this exclusive opportunity to acquire the 900 & 910 Foulk Road Portfolio—a fully leased, 29,668-square-foot, two-building outpatient medical portfolio strategically located in Wilmington, Delaware. Anchored by American Surgery Center and Cardiology Physicians, two of the region’s leading providers of surgical and specialty cardiovascular care, this offering provides investors with immediate exposure to mission-critical outpatient services supported by durable, long-term tenancy.
The Portfolio is 100% leased under triple-net (NNN) leases with annual rent escalations ranging from 2.5% to 3.0%, generating a combined initial net operating income of $693,912. Both facilities serve as essential hubs for surgical and specialty care, featuring advanced clinical infrastructure that supports high-acuity procedures and long-term patient demand.
Investment Highlights
- Portfolio Overview: 29,668 SF across two medical properties leased on long-term triple-net (NNN) terms with minimal landlord responsibilities.
- Lease Metrics: Weighted average lease term (WALT) of 5.6 years with annual rent escalations of 2.5%–3.0%.
- Prime Location: Situated in Wilmington’s premier healthcare submarket with strong demographics, high commercial payer mix, and proximity to major hospital systems.
- Tenancy: Anchored by American Surgery Center (multi-specialty, Medicare-certified, AAAHC- and MBSAQIP-accredited) and Cardiology Physicians (regional leader in heart and vascular care).
- Strategic Positioning: Properties deliver mission-critical outpatient specialty services in a supply-constrained, demographically favorable market.
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