Shopping Strip

Mercy Health Center

615 W Main St, Mount Orab, OH 45154

Listing Price: $1,805,000

Cap Rate
8.00%
Gross SF
10,471
Rentable SF
10,471
Price/Gross SF
$172.38
Lot Size
1.78 acres
Year Built
2006

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Mercy Health Center located in Mount Orab, Ohio.

This roughly 10,471 square-foot community center sits on 1.78 acres and acts as the gateway to a large residential subdivision while also bookending a key retail corridor.
This center is 100 percent leased with a strong tenant mix featuring Mercy Health, Edward Jones, ResCare Home Healthcare, and Superior Credit Union. Consisting of destination-based, essential businesses, the site has performed strongly since construction in 2006. Freshly renewed leases and zero-deferred maintenance create a desirable investment for a landlord seeking minimal responsibility. The roof was recently replaced and carries a 25-year warranty while the parking lot is in immaculate shape thanks to a recent seal and stripe.

Located at the intersection US Highway 68 and State Route 32, industry in Mount Orab is highlighted by Milacron (NYSE:MZ), a plastic manufacturing and distribution company that employs over 5,000 people. Milacrons Mount Orab plant is less than a mile from the subject property. Nearby Cincinnati is home to three major sports teams: the Cincinnati Reds of Major League Baseball; the Cincinnati Bengals of the National Football League; and FC Cincinnati of Major League Soccer. Significant traffic counts can be attributed to complimentary businesses such a First State Bank and Mount Orab Sports Center being positioned in near proximity to the property. Western Brown High School sits directly across the street, providing an additional boost in vehicles per day.

Investment Highlights

  • 100% Occupied Professional & Medical Retail Space
  • Built in 2006 | High Quality Construction
  • Freshly Renewed Leases with Healthy Rent Per Square Foot
  • Strong Tenant Mix Featuring Essential Businesses
  • Zero Deferred Maintenance | Newly Replaced Roof with Warranty
  • Drive-Through Allows Socially Distanced Bank Transactions

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Shopping Strip

Mercy Health Center

Listing Price: $1,805,000

Cap Rate
8.00%
Gross SF
10,471
Rentable SF
10,471
Price/Gross SF
$172.38
Lot Size
1.78 acres
Year Built
2006

Investment Highlights

  • 100% Occupied Professional & Medical Retail Space
  • Built in 2006 | High Quality Construction
  • Freshly Renewed Leases with Healthy Rent Per Square Foot
  • Strong Tenant Mix Featuring Essential Businesses
  • Zero Deferred Maintenance | Newly Replaced Roof with Warranty
  • Drive-Through Allows Socially Distanced Bank Transactions

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Mercy Health Center located in Mount Orab, Ohio.

This roughly 10,471 square-foot community center sits on 1.78 acres and acts as the gateway to a large residential subdivision while also bookending a key retail corridor.
This center is 100 percent leased with a strong tenant mix featuring Mercy Health, Edward Jones, ResCare Home Healthcare, and Superior Credit Union. Consisting of destination-based, essential businesses, the site has performed strongly since construction in 2006. Freshly renewed leases and zero-deferred maintenance create a desirable investment for a landlord seeking minimal responsibility. The roof was recently replaced and carries a 25-year warranty while the parking lot is in immaculate shape thanks to a recent seal and stripe.

Located at the intersection US Highway 68 and State Route 32, industry in Mount Orab is highlighted by Milacron (NYSE:MZ), a plastic manufacturing and distribution company that employs over 5,000 people. Milacrons Mount Orab plant is less than a mile from the subject property. Nearby Cincinnati is home to three major sports teams: the Cincinnati Reds of Major League Baseball; the Cincinnati Bengals of the National Football League; and FC Cincinnati of Major League Soccer. Significant traffic counts can be attributed to complimentary businesses such a First State Bank and Mount Orab Sports Center being positioned in near proximity to the property. Western Brown High School sits directly across the street, providing an additional boost in vehicles per day.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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