$650,000

Rare NNN investment opportunity in a high-visibility medical and professional corridor. This 3,200 SF commercial condo on the second floor of 1105 Bethlehem Pike offers an 8.8% cap rate at the $650,000 asking price with $57,305 in annual NOI — and landlord out-of-pocket expenses of exactly $0. The lease structure puts the tenant responsible for real estate taxes ($6,533/yr), condo association fees ($8,339/yr), utilities (separately metered and paid 100% direct), and all interior maintenance and repairs. The condo association maintains the building envelope — roof, exterior walls, and common areas — funded entirely through the assessments the tenant pays. The landlord collects rent and nothing else goes out the door. Current rent is $4,775.44/month with built-in 2% annual escalations through lease expiration April 30, 2028. One 2-year renewal option. No purchase option. No right of first refusal. The suite is configured for medical and professional use and sits in a location where consumers already arrive with their insurance card in hand — established foot traffic, established intent. Ideal for a passive investor seeking a clean NNN asset or an owner-user looking to occupy at buyout or lease expiration.