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Single-Tenant Office Medical

12-YR NNN Medical Facility

428 County Line Rd W, Westerville, OH 43082

Listing Price: $7,600,000

Cap Rate
6.00%
Tenant Name
Center for Surgical Dermatology
Years Remaining On Lease
11.9
Gross SF
19,210
Guarantor
Corporate Guarantee
Rentable SF
19,210
Price/Gross SF
$395.63
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.75

Investment Overview

Corporate surgical dermatology center with a new 12-yea triple-net (NNN) lease (annual 2 percent rent bumps), new roof, and new parking lot in the "Medical Mile" area of Westerville, Ohio.

Investment Highlights

  • 12-Year Triple-Net (NNN) New Extended Lease with Annual 2 Percent Rent Bumps
  • New Roof and New Parking Lot
  • Robust Traffic Counts on Polaris Parkway (36,800 Vehicles per Day), North Cleveland Ave (20,900 Vehicles per Day), State Route 3 (16,500 Vehicles per Day ) and I-71 Highway (115,000 Vehicles per Day)

Exclusively Listed By

Financing By

Single-Tenant Office Medical

12-YR NNN Medical Facility

Listing Price: $7,600,000

Cap Rate
6.00%
Tenant Name
Center for Surgical Dermatology
Years Remaining On Lease
11.9
Gross SF
19,210
Guarantor
Corporate Guarantee
Rentable SF
19,210
Price/Gross SF
$395.63
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.75

Investment Highlights

  • 12-Year Triple-Net (NNN) New Extended Lease with Annual 2 Percent Rent Bumps
  • New Roof and New Parking Lot
  • Robust Traffic Counts on Polaris Parkway (36,800 Vehicles per Day), North Cleveland Ave (20,900 Vehicles per Day), State Route 3 (16,500 Vehicles per Day ) and I-71 Highway (115,000 Vehicles per Day)

Investment Overview

Corporate surgical dermatology center with a new 12-yea triple-net (NNN) lease (annual 2 percent rent bumps), new roof, and new parking lot in the "Medical Mile" area of Westerville, Ohio.

Exclusively Listed By

Financing By

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