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.
12-YR NNN Medical Facility
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
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
