MSC is proud to present a single-tenant, triple-net ground lease with Patient First, located
in Abington Township, Montgomery County, Pennsylvania. Patient First occupies a 7,791
square foot building, constructed in 2014. Currently, there are 9 years remaining on the
original term, featuring 2% annual base rent increases. The lease includes 10 additional
5-year renewal options, potentially extending the lease for the next 50 years.
The property is situated on Old York Road (28,320 VPD), in the heart of the dense and
affluent submarket of Abington, PA. Old York Road is a highly prominent and heavily
trafficked commercial corridor. This area is densely populated with over 1 million square
feet of retail space, hosting national tenants such as Whole Foods, Trader Joe's, PetSmart,
Acme, and many others. The property's location and visibility have established Abington
as a sought-after bedroom community for affluent professionals working in the greater
Philadelphia area.
Within a three-mile radius of the property, there are 110,896 residents with an average
household income of $148,098. This robust demographic profile has fueled strong
demand from national tenants along Old York Road, making this market highly desirable
for retailers and service providers.