Ohio Cancer Care Center
123 Main Street, Dublin, OH 55555
Listing Price: $5,000,000
Initial Cap Rate: 5.75% NOI: $120,000
Investment Summary:
- Medical Property: Medical properties are highly sought-after investments. They offer strong growth, especially when they're located in retail settings. And, they are also recession and e-commerce proof.
- Mobility Factor: Medical tenants have a very low turnover rate due to the capital investment in their buildings and the immobile nature of their fixtures and personal property. The bottom line, moving is difficult.
- Tenant Strength: The Urgency Room has 4 locations in 1 state. They are one of the most recognized and experienced operators in the urgent care space. By far, they are the largest DSO that offers walk-in denture and implant support
- Location Strength: Jackson is home to over 20 retirement homes, providing quick and easy access for one of Affordable Dentures’ larger patient bases.
- Traffic Strength: Located off Interstate-35, which boasts a traffic count of over 50,000 visitors per day and is one of the largest interstate highways in the country. This access also provides additional business from surrounding areas.
Property Profile:
- Top 30 MSA: Yes
- Tenancy Type: Single-Tenant
- Year Built: 2020
- Acres: 4.5
- Building Square Feet: 50,000
- Leased Square Feet: 50,000
Tenant Profile:
- Medical Sub-Type: Cancer Care Centers
- Investment Grade Credit: Yes
- Footprint: National
- Operational History: 10+ Years
- Experienced Operators: Yes
- Self-Sustaining Unit: Yes
Lease Profile:
- Initial Cap Rate: 5.75%
- Initial NOI: $120,000
Base Lease
- Lease Type: NNN
- Landlord Responsibilities: None
Renewal
Guarantor
- Inception: 01-01-2020
- Expiration: 12-31-2029
- Annual % Increases: +2.50%
- Options: 2
- Length: 5 Years
- Annual % Increases: +2.50%
- Guarantor Type: Corporate
- Guarantor Strength: Very Strong
- Guarantor Term: 5 Years
Offer Package:
Listing Agent & Primary Contact:
Firm: Med Net Lease, Inc.Firm License: GA-12345
Agent: Alex Everest
Agent License: GA-12345
Mobile: 404-713-8008Email: alex@mednetlease.com
Broker of Record:
Firm: Broker of Record Solutions, Inc.Firm License: GA-12345
Broker: Alex Everest
Broker License: GA-12345
Mobile: 404-713-8008Email: alex@mybrokerofrecord.com