812 Easton RdDoylestown, PA 18901

For Sale
$1,348,012

High-yield retail property, strong demographics

Overview

Added:
Dec 11, 2024
Days on market:
93
This fee-simple condo retail property, located at 812 N Easton Rd, Suite 8, Doylestown, PA 18901, offers a compelling investment opportunity. The 3,812 square foot building, constructed in 1982, boasts a strong 8.50% cap rate and a Net Operating Income (NOI) of $114,581, with an asking price of $1,348,012 ($30/sq ft). The property is currently leased to a dental support organization, providing a resilient healthcare investment resistant to economic downturns and e-commerce trends. The lease includes annual rent increases of 2%-2.5%, offering an inflationary hedge and growing cash flow. The tenant's investment in the location, coupled with the affluent demographics (5-mile population exceeding 72,000 with incomes over $152,000), ensures long-term stability. The strategic location on a high-traffic road (over 8,000 vehicles per day) and proximity to numerous national retailers and a Giant-anchored shopping center further enhances its appeal. The tenant, a rapidly expanding dental support organization with 90+ locations across seven states, benefits from a streamlined expansion model. The dental market's projected growth (7.4% CAGR from 2022-2029) and its substantial size ($176 billion industry) contribute to the property's long-term value. This property presents a passive investment opportunity with minimal landlord responsibilities.

Highlights

  • Healthcare investment resistant to economic downturns.
  • Passive investment with minimal landlord responsibilities.
  • Lease features 2%-2.5% annual rent increases, providing an inflation hedge.
  • Tenant unlikely to relocate due to high costs and patient retention challenges.
  • Located in an affluent area with over 72,000 residents within 5 miles, earning over $152,000 annually.
  • High-traffic location (8,000+ VPD) near national retailers and a Giant-anchored shopping center.

Property Details for 812 Easton Rd

Property type
Other retail properties, Restaurants
Square Feet
3,812 SF
Year Built
1982

Location Insight

City
Doylestown
County
Bucks
State
Pennsylvania
Latitude
40.3041843
Longitude
-75.1195107
812 Easton Rd, Doylestown, Pennsylvania

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812 Easton Rd
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