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Office Medical

Class-A Ambulatory Surgical Center | Abs. Net Lease | 3% Annual Increases | Cincinnati MSA

77 W Eleanor Dr, Springboro, OH 45066

Listing Price: $17,995,000

Cap Rate
6.53%
Gross SF
25,705
Rentable SF
25,705
Price/Gross SF
$700.06
Occupancy
100.0%
Year Built
2007
Lot Size
3.49 acres

Investment Overview

Marcus & Millichap is pleased to offer an exclusive investment opportunity to acquire the ambulatory service center (ASC) located in Springboro, Ohio (Cincinnati MSA). This premier medical facility houses a state-of-the-art digestive specialists and endoscopy center and is fully leased to three interconnected tenants.

The property is 100% occupied by Digestive Specialists, Inc. (office division), which maintains a strategic alliance with DSI Research (research division), and the Digestive Endoscopy Center, LLC (procedure division), a subsidiary of AmSurg, a prominent national healthcare provider. This symbiotic relationship between the tenants underscores the center’s critical role in providing specialized healthcare services.

The leasing arrangement with all affiliated tenants is structured on an absolute-net basis, which includes provisions for capital expenditure (capex) and management reimbursements. This effectively minimizes the landlord’s financial obligations.

This offering represents a unique chance to invest in a state-of-the-art healthcare facility with a robust tenant roster, strategic partnerships, and a financial structure that offers limited to no out-of-pocket landlord responsibilities.

Investment Highlights

  • Absolute NNN Leases with 9+ Years Remaining | Two 5-year Renewal Options | 3% Annual Increases
  • Tenant Invested $280,665 in Recent improvements: Sheet Vinyl Flooring Replacement in 2020, upgrades to the HVAC system, water heater, and pumps Starting in 2022, and Parking lot Refurbishments in 2023
  • The leases are guaranteed by Digestive Specialties, Inc. and Digestive Endoscopy Center, LLC which is a subsidiary of AmSurg, one of the nation's leading healthcare providers.
  • Digestive Specialists, Inc. has expanded to four locations within the Miami Valley, offering specialized care for a variety of gastrointestinal disorders.
  • Ambulatory Surgery Centers offer reduced scheduling delays, greater physician autonomy, and significant cost savings
  • Springboro is at the heart of the Cincinnati-Dayton Metroplex, the 14th largest urban area in the United States

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Office Medical

Class-A Ambulatory Surgical Center | Abs. Net Lease | 3% Annual Increases | Cincinnati MSA

Listing Price: $17,995,000

Cap Rate
6.53%
Gross SF
25,705
Rentable SF
25,705
Price/Gross SF
$700.06
Occupancy
100.0%
Year Built
2007
Lot Size
3.49 acres

Investment Highlights

  • Absolute NNN Leases with 9+ Years Remaining | Two 5-year Renewal Options | 3% Annual Increases
  • Tenant Invested $280,665 in Recent improvements: Sheet Vinyl Flooring Replacement in 2020, upgrades to the HVAC system, water heater, and pumps Starting in 2022, and Parking lot Refurbishments in 2023
  • The leases are guaranteed by Digestive Specialties, Inc. and Digestive Endoscopy Center, LLC which is a subsidiary of AmSurg, one of the nation's leading healthcare providers.
  • Digestive Specialists, Inc. has expanded to four locations within the Miami Valley, offering specialized care for a variety of gastrointestinal disorders.
  • Ambulatory Surgery Centers offer reduced scheduling delays, greater physician autonomy, and significant cost savings
  • Springboro is at the heart of the Cincinnati-Dayton Metroplex, the 14th largest urban area in the United States

Investment Overview

Marcus & Millichap is pleased to offer an exclusive investment opportunity to acquire the ambulatory service center (ASC) located in Springboro, Ohio (Cincinnati MSA). This premier medical facility houses a state-of-the-art digestive specialists and endoscopy center and is fully leased to three interconnected tenants. The property is 100% occupied by Digestive Specialists, Inc. (office division), which maintains a strategic alliance with DSI Research (research division), and the Digestive Endoscopy Center, LLC (procedure division), a subsidiary of AmSurg, a prominent national healthcare provider. This symbiotic relationship between the tenants underscores the center’s critical role in providing specialized healthcare services. The leasing arrangement with all affiliated tenants is structured on an absolute-net basis, which includes provisions for capital expenditure (capex) and management reimbursements. This effectively minimizes the landlord’s financial obligations. This offering represents a unique chance to invest in a state-of-the-art healthcare facility with a robust tenant roster, strategic partnerships, and a financial structure that offers limited to no out-of-pocket landlord responsibilities.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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