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712 Henderson Blvd, Folcroft, PA, 19032

Sunshine Pediatric Day Center
$3,953,392

Key Information

Cap Rate
7.85%
$ per SF
$647
Tot. SF
6,110
Lot Size
0.29 Acres
Year Built
2007
Type
Healthcare
NOI
$310,341

Highlights

  • Long Term Lease: The lease features an above-market lease term of 15-years, providing investors with a long, durable stream of cash flow for the foreseeable future.
  • Inflationary Protected Lease: The lease features attractive 3.00% annual rent increases, providing a major cash flow boost and a great inflationary hedge for investors.
  • Passive NNN Lease: This property features a NNN lease with minimal landlord responsibilities, providing a truly passive investment vehicle for both local and out-of-state investors.
  • Corporate & Personal Guarantee: The lease agreement features a corporate guarantee supplemented by a personal guaranty from the CEO, demonstrating the leadership’s long-term commitment to the location.
  • Specialized Medical Niche: Sunshine operates as a Prescribed Pediatric Extended Care Center (PPECC), a specialized field with growing demand as one in five children has a special healthcare need.
  • Mission-Driven Leadership: Founded by David Maymon, the company’s growth to eight locations across Texas and Pennsylvania showcases proven operational expertise in a highly regulated healthcare space.
  • Average Cap Rate: This investment opportunity presents investors with the opportunity to secure a very favorable return with the average cap rate over the initial term of the lease equating to roughly 9.73%.
  • Accelerated Depreciation Potential: Given the significant capital invested in the facility buildout, investors may benefit from enhanced depreciation through a cost segregation study, potentially improving after tax returns.
  • Strategic Location: The property is ideally situated in the greater Philadelphia metropolitan area, ensuring a large potential patient base for the property.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203