3790 Morrell Ave

Healthcare Real Estate: Healthcare properties are traditionally sought-after investments for their resistance during downturns in the economy and e-commerce trends that affect traditional retail properties.
Below Replacement Cost: The property offers an attractive entry basis of$154 per square foot at the list price, giving buyers the opportunity to acquire this net-lease medical asset well below replacement cost. The asset also provides a value-add opportunity for a future landlord through the lease-up of the vacant space.
Dense Demographics: Located in Northeast Philadelphia—one of the densest parts of the city—the property benefits from a five-mile population exceeding ±428,000 and average income levels nearing $100,000. The asset also provides easy commuter access, with the SEPTA Torres dale train station less than one mile away.
Highly Trafficked: The subject property benefits from ±23,000 vehicles per day (VPD) along Morrell Avenue and Frankford Avenue and is located directly across from a ShopRite-anchored grocery center with tenants including Dollar Tree, T-Mobile, Wingstop, Dunkin’, Supercuts, and multiple local food and retail shops.
Jefferson Torresdale Hospital: Located less than one mile from Jefferson Torresdale Hospital—a 258-bed facility with a Level II trauma center that opened in 1977—the property offers convenient and efficient access for patients. In 2019, Jefferson Torresdale Hospital was named one of 18 Philadelphia-area hospitals included in Healthgrades’ list of the nation’s top 250 hospitals.
Recent Capital Improvements: All six HVAC units on the property were replaced by the landlord in 2022 and have been serviced regularly. The units remain under warranty, with documentation available upon request. The vacant unit is currently built out as a turnkey medical office.5

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Kyle Matthews