Value-Add Lease-Up Potential –Currently 72% leased, the asset offers a clear value-add opportunity through lease-up of remaining vacancies and stabilization with longer-term lease structures.
Below Market Rents –Most of the subject tenants are paying a below market rent and have leased spaceat the property for 10+ years showing a commitment to this location.
Established Medical Tenant Base –Majority occupancy by medical users, who typically demonstratehigh retention due to significant build-out costs and patient continuity concerns. Medical tenancy contributes to long-term stability and ishistorically resilient to economic downturns,e-commerce disruption, and health crises.
High Visibility Along Broadhead Road –Over 300 feet of frontage along Broadhead Roadwithdaily traffic counts exceeding 13,500 vehicles, offering prominent exposure and strong ingress/egress.
Ample Parking to Support Medical Use –Features a 4.0/1,000 SF parking ratio, well-suited for healthcare tenantswith higher parking requirements.
Proximity to Major Retail Corridor –Located within one mile of Monaca, PA’s primary retail hub, anchored by national retailers and hospitality tenants that include Walmart, Lowe’s, Target, Hilton, IHG hotels and more
Excellent Regional Connectivity –Strategically positioned less thanone mile from Highway 376 and Route 18, with combined traffic counts exceeding 55,000 vehicles per day, facilitating convenient access for patients, employees, and visitors.
Recent Capital Improvements –Ownership has recently completed over $150,000 in key upgrades including new HVAC units, interior renovations of vacant suites, refreshed common areas, andnew roofs (2022), reducing near-term capital needs