Office Medical
OHIO VALLEY PRIMARY CARE
2816 Troy Rd, Springfield, OH 45504
Listing Price: $1,500,000
Cap Rate
7.00%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$214.29
Occupancy
100.0%
Year Built
1994
Lot Size
1.73 acres
Investment Overview
We're pleased to present the offering for Ohio Valley Primary Care located just outside Dayton, OH.
OHIO VALLEY PRIMARY CARE
Investment Highlights
- OHIO VALLEY PRIMARY CARE: The subject property is a 7,000-square-foot freestanding medical office building situated on a large 1.73-acre lot, fully occupied by Ohio Valley Primary Care.
- DOUBLE NET PLUS LEASE STRUCTURE | LIMITED LANDLORD RESPONSIBILITY: Tenant operates under a double-net-plus lease, functioning effectively as a triple-net structure.
- NEW LONG TERM LEASE WITH ANNUAL INCREASES:The tenant signed a 10 year lease with two, five-year options to extend the term through 2044. Additionally the lease comes equipped with 2% annual increases
- 2024 MAJOR RECENT RENOVATIONS COSTING OVER $565,000: The tenant received a $225,000 Tenant improvement allowance in 2024 in addition to approximately $340,000 from tenant to renovate the property including, repaving the parking lot, upgrading landscaping, exterior signage, new HVAC system with warranty, new flooring and interior renovations and new IT infrastructure.
- STRONG REGIONAL MEDICAL PRESENCE: Springfield serves as a regional healthcare destination anchored by Mercy Health Springfield Regional Medical Center, a 254-bed facility located just minutes from the property. The property is also conveniently located within close proximity to Ohio Valley Surgical Hospital (OVSH).
- LOCATED WITHIN SPRINGFIELD'S PRIMARY COMMERCIAL CORRIDOR: Located within proximity to many nationally recognized retailers, including Walmart, Meijer, Home Depot, Lowe's, Kroger, Best Buy, Aldi and many more. Additionally local planning initiatives point toward corridor revitalization. Nearby redevelopment activity, including a planned mixed-use business park on the former Upper Valley Mall site and the City of Springfield's Downtown Vision Plan reinforces future upside for traffic, users and te
- ACCESSIBLE LOCATION WITH STRONG CONNECTIVITY: The site offers excellent connectivity to I-70, I-75, and U.S. 68, allowing convenient access from Dayton, Columbus, and other regional markets, making it an ideal location for both patients and employees traveling from surrounding areas.
Exclusively Listed By
Financing By
Listing Price: $1,500,000
Cap Rate
7.00%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$214.29
Occupancy
100.0%
Year Built
1994
Lot Size
1.73 acres
Investment Highlights
- OHIO VALLEY PRIMARY CARE: The subject property is a 7,000-square-foot freestanding medical office building situated on a large 1.73-acre lot, fully occupied by Ohio Valley Primary Care.
- DOUBLE NET PLUS LEASE STRUCTURE | LIMITED LANDLORD RESPONSIBILITY: Tenant operates under a double-net-plus lease, functioning effectively as a triple-net structure.
- NEW LONG TERM LEASE WITH ANNUAL INCREASES:The tenant signed a 10 year lease with two, five-year options to extend the term through 2044. Additionally the lease comes equipped with 2% annual increases
- 2024 MAJOR RECENT RENOVATIONS COSTING OVER $565,000: The tenant received a $225,000 Tenant improvement allowance in 2024 in addition to approximately $340,000 from tenant to renovate the property including, repaving the parking lot, upgrading landscaping, exterior signage, new HVAC system with warranty, new flooring and interior renovations and new IT infrastructure.
- STRONG REGIONAL MEDICAL PRESENCE: Springfield serves as a regional healthcare destination anchored by Mercy Health Springfield Regional Medical Center, a 254-bed facility located just minutes from the property. The property is also conveniently located within close proximity to Ohio Valley Surgical Hospital (OVSH).
- LOCATED WITHIN SPRINGFIELD'S PRIMARY COMMERCIAL CORRIDOR: Located within proximity to many nationally recognized retailers, including Walmart, Meijer, Home Depot, Lowe's, Kroger, Best Buy, Aldi and many more. Additionally local planning initiatives point toward corridor revitalization. Nearby redevelopment activity, including a planned mixed-use business park on the former Upper Valley Mall site and the City of Springfield's Downtown Vision Plan reinforces future upside for traffic, users and te
- ACCESSIBLE LOCATION WITH STRONG CONNECTIVITY: The site offers excellent connectivity to I-70, I-75, and U.S. 68, allowing convenient access from Dayton, Columbus, and other regional markets, making it an ideal location for both patients and employees traveling from surrounding areas.
Investment Overview
We're pleased to present the offering for Ohio Valley Primary Care located just outside Dayton, OH.
Exclusively Listed By
Financing By
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