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Single-Tenant Office Medical

NNN Single Tenant Corp. Guaranteed Orthopedics Medical Office w/ Favorable Annual Rent Increases

6620 Clough Pike, Cincinnati, OH 45244

Listing Price: $1,530,914

Cap Rate
6.50%
Tenant Name
The Christ Hospital | OrthoCincy
Years Remaining On Lease
3.4
Gross SF
8,546
Guarantor
Corporate Guarantee
Rentable SF
8,546
Price/Gross SF
$179.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.64

Investment Overview

Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,190,209, it is Ohio's largest metropolitan area and the nation's 29th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Throughout much of the 19th century, it was among the top 10 U.S. cities by population, surpassed only by New Orleans and the older, established settlements of the United States eastern seaboard, as well as being the sixth-most populous city from 1840 until 1860. The city's largest institution of higher education, the University of Cincinnati, was founded in 1819 as a municipal college and is now ranked as one of the 50 largest in the United States. Cincinnati is home to historic architecture with many structures in the urban core having remained intact for 200 years. In the late 1800s, Cincinnati was commonly referred to as the "Paris of America", due mainly to such ambitious architectural projects as the Music Hall, Cincinnatian Hotel, and Shillito Department Store. Cincinnati is the birthplace of William Howard Taft, the 27th President of the United States.

Investment Highlights

  • Corporate Backed Single Tenant NNN Lease Featuring Favorable 2.5% Annual Rental Increases throughout the Initial Term.
  • 2-Story Medical Office Utilized for Orthopedic and Sports Medicine with 16 Exam Suites and Brand New X-Ray Imaging Room. Below Market Rent.
  • Positioned Along Area's Retail & Office Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles. Minutes from Interstate-275 (62k+ VPD).
  • Christ Hospital Guarantee (Revenue of $2.8 Billion, 6,500 Employee Hospital Network). Affiliate Sublease to OrthoCincy Wellington (Orthopedic & Sports Medicine).
  • Densely Populated and Affluent Area: Features an Average Household Income of $126k+ within a 1-Mile Radius and more than 136k People Residing within a 5-Mile Radius.
  • In Close Proximity to Mercy Health Anderson Hospital - One of the Largest Hospitals in Greater Cincinnati. It has a Staff of about 1,250 including 640 Medical Personnel. Recently Completed a $74M Hospital Expansion.
  • Strategically Located 10-Miles from Christ Hospital's Main Campus - a 555-Bed Acute Care Facility and Recognized by U.S. News & World Report as one of the Nation's Top Hospitals.
  • Near Numerous Schools including Turpin High School (1,185+ Students), Anderson High School (1,180+ Students), McNicholas High School (615+ Students) and many more. Near Numerous Schools including Turpin High School (1,185+ Students), Anderson High School (1,180+ Students), McNicholas High School (615+ Students) and many more. Minutes from Cincinnati Municipal Airport - Lunken Field - 1,140-Acre Airport serving Private Aircrafts and Fleets of Local Corporations. 2nd Largest serving Cincinnati aft

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Single-Tenant Office Medical

NNN Single Tenant Corp. Guaranteed Orthopedics Medical Office w/ Favorable Annual Rent Increases

Listing Price: $1,530,914

Cap Rate
6.50%
Tenant Name
The Christ Hospital | OrthoCincy
Years Remaining On Lease
3.4
Gross SF
8,546
Guarantor
Corporate Guarantee
Rentable SF
8,546
Price/Gross SF
$179.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.64

Investment Highlights

  • Corporate Backed Single Tenant NNN Lease Featuring Favorable 2.5% Annual Rental Increases throughout the Initial Term.
  • 2-Story Medical Office Utilized for Orthopedic and Sports Medicine with 16 Exam Suites and Brand New X-Ray Imaging Room. Below Market Rent.
  • Positioned Along Area's Retail & Office Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles. Minutes from Interstate-275 (62k+ VPD).
  • Christ Hospital Guarantee (Revenue of $2.8 Billion, 6,500 Employee Hospital Network). Affiliate Sublease to OrthoCincy Wellington (Orthopedic & Sports Medicine).
  • Densely Populated and Affluent Area: Features an Average Household Income of $126k+ within a 1-Mile Radius and more than 136k People Residing within a 5-Mile Radius.
  • In Close Proximity to Mercy Health Anderson Hospital - One of the Largest Hospitals in Greater Cincinnati. It has a Staff of about 1,250 including 640 Medical Personnel. Recently Completed a $74M Hospital Expansion.
  • Strategically Located 10-Miles from Christ Hospital's Main Campus - a 555-Bed Acute Care Facility and Recognized by U.S. News & World Report as one of the Nation's Top Hospitals.
  • Near Numerous Schools including Turpin High School (1,185+ Students), Anderson High School (1,180+ Students), McNicholas High School (615+ Students) and many more. Near Numerous Schools including Turpin High School (1,185+ Students), Anderson High School (1,180+ Students), McNicholas High School (615+ Students) and many more. Minutes from Cincinnati Municipal Airport - Lunken Field - 1,140-Acre Airport serving Private Aircrafts and Fleets of Local Corporations. 2nd Largest serving Cincinnati aft

Investment Overview

Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,190,209, it is Ohio's largest metropolitan area and the nation's 29th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Throughout much of the 19th century, it was among the top 10 U.S. cities by population, surpassed only by New Orleans and the older, established settlements of the United States eastern seaboard, as well as being the sixth-most populous city from 1840 until 1860. The city's largest institution of higher education, the University of Cincinnati, was founded in 1819 as a municipal college and is now ranked as one of the 50 largest in the United States. Cincinnati is home to historic architecture with many structures in the urban core having remained intact for 200 years. In the late 1800s, Cincinnati was commonly referred to as the "Paris of America", due mainly to such ambitious architectural projects as the Music Hall, Cincinnatian Hotel, and Shillito Department Store. Cincinnati is the birthplace of William Howard Taft, the 27th President of the United States.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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