Single-Tenant Office Medical

ARA Chillicothe Ohio

465 N Shawnee Ln, Chillicothe, OH 45601

Listing Price: $1,342,500

Cap Rate
7.15%
Tenant Name
ARA Chillicothe Dialysis
Years Remaining On Lease
6.9
Gross SF
8,100
Guarantor
Corporate Guarantee
Rentable SF
8,100
Price/Gross SF
$165.74
Lease Type
Double Net
Rent Per Square Feet
$12.00

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 465 North Shawnee Lane Chillicothe, OH. This fully stabilized, single-tenant net-leased medical office facility features modern 2005 construction, offering 8,100-rentable square feet. ARA Chillicothe Dialysis operates100 percent of the site under a desirable double-net lease structure with lease term through November 2027. The lease features a 10 percent rental escalation in 2022 with two, five year options to renew and a corporate guarantee from American Renal Associates. The site is strategically positioned off U.S Route 23, adjacent to a Menards seeing over 24,000 vehicles per day. The neighboring tenants boast a strong national tenant mix, such as Menards, Enterprise Rent-A-Car, UPS, and Anytime Fitness. The property offers 33 parking spaces with excellent ingress and egress. As one of the largest dialysis providers in the United States, American Renal Holdings (NYESE: ARA) operates 251 dialysis clinics in 27 states serving over 17,300 patients. ARA is partnered with over 400 local nephrologists with the mission of developing and enhancing quality care. ARAs Core Values emphasize taking good care of patients, providing physicians with clinical autonomy and operational support, hiring, and retaining the best possible staff and providing best practices management services.

This property offers an investor the opportunity to acquire a net-leased, passive single-tenant medical office facility backed by one of the nations leading dialysis providers ARA (NYSE: ARA). The lease features a corporate guarantee from publicly traded American Renal Associates, with generous renewal options and a competitive 10% rental escalation in year 2022. A qualified investor can reach leveraged cash-on-cash returns of 9.44% on this asset while capitalizing on long-term passive cash flow.

Investment Highlights

  • Double-Net STNL Dialysis Clinic
  • American Renal Associates (NYSE: ARA)
  • 7-Years of Lease Term Remaining
  • Tenant Self -Manages Property
  • 10 Percent Rental Escalation in 2022
  • Twenty On-Site Dialysis Stations

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Single-Tenant Office Medical

ARA Chillicothe Ohio

Listing Price: $1,342,500

Cap Rate
7.15%
Tenant Name
ARA Chillicothe Dialysis
Years Remaining On Lease
6.9
Gross SF
8,100
Guarantor
Corporate Guarantee
Rentable SF
8,100
Price/Gross SF
$165.74
Lease Type
Double Net
Rent Per Square Feet
$12.00

Investment Highlights

  • Double-Net STNL Dialysis Clinic
  • American Renal Associates (NYSE: ARA)
  • 7-Years of Lease Term Remaining
  • Tenant Self -Manages Property
  • 10 Percent Rental Escalation in 2022
  • Twenty On-Site Dialysis Stations

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 465 North Shawnee Lane Chillicothe, OH. This fully stabilized, single-tenant net-leased medical office facility features modern 2005 construction, offering 8,100-rentable square feet. ARA Chillicothe Dialysis operates100 percent of the site under a desirable double-net lease structure with lease term through November 2027. The lease features a 10 percent rental escalation in 2022 with two, five year options to renew and a corporate guarantee from American Renal Associates. The site is strategically positioned off U.S Route 23, adjacent to a Menards seeing over 24,000 vehicles per day. The neighboring tenants boast a strong national tenant mix, such as Menards, Enterprise Rent-A-Car, UPS, and Anytime Fitness. The property offers 33 parking spaces with excellent ingress and egress. As one of the largest dialysis providers in the United States, American Renal Holdings (NYESE: ARA) operates 251 dialysis clinics in 27 states serving over 17,300 patients. ARA is partnered with over 400 local nephrologists with the mission of developing and enhancing quality care. ARAs Core Values emphasize taking good care of patients, providing physicians with clinical autonomy and operational support, hiring, and retaining the best possible staff and providing best practices management services.

This property offers an investor the opportunity to acquire a net-leased, passive single-tenant medical office facility backed by one of the nations leading dialysis providers ARA (NYSE: ARA). The lease features a corporate guarantee from publicly traded American Renal Associates, with generous renewal options and a competitive 10% rental escalation in year 2022. A qualified investor can reach leveraged cash-on-cash returns of 9.44% on this asset while capitalizing on long-term passive cash flow.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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