A Fully Leased Medical & Professional Office — Ready to Perform Day One
1105 Bethlehem Pike, Suite B1 Sellersville, PA 18960 · Upper Bucks County
Net Lease Established Tenant In Place 8.8% Cap Rate Medical / Professional Owner-User Option
This office condominium is currently leased to an established commercial tenant under a triple net lease — the tenant covers their proportionate share of taxes and operating expenses plus all utilities directly. Equally viable as a turn-key professional, medical, or dental office for an owner-user who wants to open their own practice in the Rockhill Crossing Medical Plaza.
Investment Overview
The Landlord Collects the Rent and Pays Nothing Else
The tenant is responsible for the unit's real estate taxes, the condo association assessment, all utilities, and all interior maintenance — in full. The tenant's space accounts for 60.1% of the Second Floor Unit, which means their proportionate share obligation covers the entire tax and condo bill assessed to the unit. The landlord's out-of-pocket expenses: zero. NOI equals gross rent.
What the tenant covers in full: Real estate taxes ($6,533/yr) paid directly. Condo association fees ($8,339/yr) covered through their proportionate share obligation. All utilities separately metered and billed direct to tenant. All interior maintenance, repairs, and replacements at tenant's cost. The condo association maintains the building envelope — roof, exterior walls, common areas — funded by the assessments the tenant pays.
Why This Works as an Investment
NOI equals gross rent — $57,305 — because the landlord pays nothing out of pocket. Tenant covers real estate taxes ($6,533), condo association fees ($8,339), all utilities, and all interior maintenance. Annual 2% rent escalations are fixed steps in the lease, not subject to renegotiation. 8.8% cap rate at the ask price. The lease runs through April 2028 with one two-year renewal option not yet exercised. No purchase option.
No purchase option. No ROFR. Use the calculator on this page to model your own financing assumptions.
Owner-User Opportunities
A Location Where Consumers Already Bring Their Insurance Card
Bethlehem Pike is a healthcare and professional services corridor. Patients already drive it for appointments. Consumers already know how to find it. They roll into Rockhill Crossing Professional Medical Plaza on a daily basis to Tri-Valley Primary Care, LabCorp and Kidney Care Specialists. An owner-user practice here lands in a location with established traffic patterns — not one that requires building awareness from scratch. Buy the building, build equity, and stop writing rent checks — while the existing lease covers carrying costs until you're ready to occupy. There is a 50 car parking lot to accommodate your customers.
Imagine the Possibilities
Current Floor Plan: Professional Office
Dentist’s Office
Pediatrician’s Office
Physical Therapist Office
With the space and flexibility that this location offers, the list of possibilities goes on and on!
Financial Advisor, Law Firm, Behavorial Health/Therapy to name a few…
Run Your Own Math
What Does This Look Like at Your Price?
The NOI is $57,305 regardless of what you pay — the lease doesn't change. Adjust purchase price and financing below to see exactly what this property returns at your numbers.
Cap Rate & Return Calculator
NOI fixed at $57,305. Tenant pays taxes, condo fees, and utilities — landlord nets the full rent. Adjust price and financing to model your scenario.
Estimates only. Debt service uses a standard monthly amortization calculation. Does not include closing costs, lender fees, or vacancy assumptions. Consult your lender and advisor before making any investment decision.
Call or Text: 267-934-5674 to speak with Josh Wernick - REALTOR® about showings. Email: joshwernick@kw.com to submit offers.
Check Out the Full Office Space
1105 Bethlehem Pike #B1 Sellersville PA 18960 - Frequently Asked Questions
Is 1105 Bethlehem Pike #B1 a NNN investment property?
Yes. This is a NNN lease commercial condo for sale in Bucks County, PA. The tenant pays real estate taxes, condo association fees, and all utilities directly — the landlord's out-of-pocket expenses are zero. Net Operating Income equals gross rent: $57,305 per year. At the $650,000 asking price, the cap rate is 8.8%. If you're looking for NNN investment properties for sale in Bucks County, this is one of the few available with verified lease documentation, a seasoned tenant in place, and a clean transfer to a new owner.
What does the tenant pay under this NNN lease?
The tenant pays real estate taxes ($6,533/yr), condo association fees ($8,339/yr), all utilities (separately metered and billed directly), and all interior maintenance and repairs. The condo association — not the landlord — maintains the building envelope: roof, exterior walls, and common areas, funded by the assessments the tenant pays. The landlord collects rent. Nothing else goes out the door.
What is the cap rate on this property?
8.8% at the $650,000 asking price. NOI is $57,305 annually. Because landlord expenses are $0, every dollar of rent is income. A higher cap rate means more income per dollar invested — 8.8% is a strong return for a stabilized, tenanted commercial asset in Bucks County.
When does the lease expire and is there a renewal option?
The lease expires April 30, 2028. The tenant holds one 2-year renewal option that has not yet been exercised. There is no purchase option and no right of first refusal, meaning a new owner takes title with a clean slate.
Can an owner-user purchase this property?
Yes. An owner-user can acquire this property and occupy it at lease expiration or negotiate an early termination. The suite is configured for medical, dental, or professional office use. SBA financing is typically available to qualifying owner-users purchasing commercial real estate for their own business occupancy.
Is financing available for a NNN commercial property like this?
Yes. Conventional commercial financing and SBA 504 loans are both used for NNN commercial condo acquisitions. Terms vary by lender, down payment, and borrower profile. Use the calculator on this page to model your scenario at current rates.