•	The tenant, Lehigh Valley Health Network recently executed its first option period, with another option to extend
•	Lehigh Valley Health Network (LVHN) is comprised of nine hospital campuses plus numerous health centers, physician practices, rehabilitation locations, ExpressCARE sites and other outpatient care locations in seven eastern Pennsylvania counties
•	The lease includes 4% rental increases every two years throughout the initial term and options to extend, increasing NOI and hedging against inflation
•	Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
•	Landlord responsibilities limited to maintaining and repairing the roof, structure and exterior of the premises
•	Ideal, low-management investment opportunity for a passive investor

Offering Memorandum

Confidentiality Agreement

•	Subject property is strategically located at the hard corner intersection of 5th Avenue and W. Broad Street
•	Broad Street is a primary East/West thoroughfare serving Bethlehem and the immediate trade area
•	Directly off Fred B. Rooney Hwy/State Hwy 378
•	The asset benefits from significant street frontage along W. Broad Street, promoting excellent visibility and ease of access
•	This site is approximately 3 miles South of the Lehigh Valley Health Network (LVNH) Muhlenberg campus
•	Muhlenberg campus is centrally-located in the Lehigh Valley, providing convenient access to emergency or planned care and equipped with 238 staffed beds

Bethlehem, PA - HNL Lab Medicine

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Traffic Counts
W. Broad Street	12,400 VPD
Fred B. Rooney Highway	38,400 VPD

Off Market

Bethlehem, PA - HNL Lab Medicine

Description

Location

Demographics

Traffic Counts

Contact

David Wirth