Office Medical
Shawnee Optical
2155 Allentown Rd, Lima, OH 45805
Listing Price: $673,500
Investment Overview
• Triple Net Lease with Longstanding Optical Practice
- 35 + Year Operating History in the Lima, OH Market
• High Yield Medical Investment Property
- 9.50% Cap Rate Provides Strong Cash Flow for Investor
• Passive Ownership Lease Structure
- Tenant Responsible for Taxes, Insurance, and OpEx
• Recent CapEx Completed
- New Roof Installed 2023
• Excellent Location with Frontage on Allentown Rd.
- 15,300+ VPD | Nearby N. Cable Road Boasts 15,000+ VPD
• Significant Population Density in Immediate Area
- 139,000 Residents within 5 Mile Radius
• Strategic Location Along Allentown Road Corridor
- Major Retail Corridor Includes Walmart and other National Retailers
• Proximity to Major Healthcare Anchors
- Near Mercy Health St. Rita’s & Lima Memorial
• Corporate Lease with AEG Vision
- AEG has Over 500 Locations and 5,000 Optometrists
Shawnee Optical
Investment Highlights
- • Triple Net Lease with Longstanding Optical Practice - 35 + Year Operating History in the Lima, OH Market
- • High Yield Medical Investment Property - 9.50% Cap Rate Provides Strong Cash Flow for Investor
- • Passive Ownership Lease Structure - Tenant Responsible for Taxes, Insurance, and OpEx
- • Recent CapEx Completed - New Roof Installed 2023
- • Excellent Location with Frontage on Allentown Rd. - 15,300+ VPD | Nearby N. Cable Road Boasts 15,000+ VPD
- • Significant Population Density in Immediate Area - 139,000 Residents within 5 Mile Radius
- • Strategic Location Along Allentown Road Corridor - Major Retail Corridor Includes Walmart and other National Retailers
- • Proximity to Major Healthcare Anchors - Near Mercy Health St. Rita's & Lima Memorial
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Financing By
Listing Price: $673,500
Investment Highlights
- • Triple Net Lease with Longstanding Optical Practice - 35 + Year Operating History in the Lima, OH Market
- • High Yield Medical Investment Property - 9.50% Cap Rate Provides Strong Cash Flow for Investor
- • Passive Ownership Lease Structure - Tenant Responsible for Taxes, Insurance, and OpEx
- • Recent CapEx Completed - New Roof Installed 2023
- • Excellent Location with Frontage on Allentown Rd. - 15,300+ VPD | Nearby N. Cable Road Boasts 15,000+ VPD
- • Significant Population Density in Immediate Area - 139,000 Residents within 5 Mile Radius
- • Strategic Location Along Allentown Road Corridor - Major Retail Corridor Includes Walmart and other National Retailers
- • Proximity to Major Healthcare Anchors - Near Mercy Health St. Rita's & Lima Memorial
Investment Overview
• Triple Net Lease with Longstanding Optical Practice - 35 + Year Operating History in the Lima, OH Market • High Yield Medical Investment Property - 9.50% Cap Rate Provides Strong Cash Flow for Investor • Passive Ownership Lease Structure - Tenant Responsible for Taxes, Insurance, and OpEx • Recent CapEx Completed - New Roof Installed 2023 • Excellent Location with Frontage on Allentown Rd. - 15,300+ VPD | Nearby N. Cable Road Boasts 15,000+ VPD • Significant Population Density in Immediate Area - 139,000 Residents within 5 Mile Radius • Strategic Location Along Allentown Road Corridor - Major Retail Corridor Includes Walmart and other National Retailers • Proximity to Major Healthcare Anchors - Near Mercy Health St. Rita’s & Lima Memorial • Corporate Lease with AEG Vision - AEG has Over 500 Locations and 5,000 Optometrists
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Financing By
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