For Sale
$4,978,296

2841 Wisconsin StSidney, OH 45365

High-yield NNN medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 6,533 square foot medical office building in Sidney, Ohio, situated on a 1.11-acre lot. This property boasts a brand new, 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a rapidly expanding company with plans for significant future growth. The current annual net operating income (NOI) is $373,372, representing a 7.50% cap rate on the $4,978,296 asking price. Built in 2024, the property enjoys 100% occupancy. The lease includes attractive rental increases of 2.00% annually, commencing in year seven, ensuring consistent income growth and long-term value appreciation. This investment benefits from the robust growth trajectory of the plasma industry, projected to reach $57 billion by 2032. The tenant's strong financial backing and the long-term lease structure provide exceptional security and predictable returns for investors. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a thriving market. The property is located at 2841 Wisconsin St, Sidney, OH 45365.

Highlights

  • 20-Year Absolute Triple-Net (NNN) Lease with no landlord responsibilities.
  • 2.00% annual rent increase beginning in year seven.
  • Corporate guarantee by Join Parachute, operating 26 locations with plans for significant expansion.
  • Investment in the growing $28B plasma industry, projected to reach $57B by 2032.

Property Details for 2841 Wisconsin St

Property type
Office properties, Medical offices
Square Feet
6,533 SF
Year Built
2024
Lot Size (sq. ft)
48,352 SF

Location Insight

City
Sidney
County
Shelby
State
Ohio
Latitude
40.2882111
Longitude
-84.2056339
2841 Wisconsin St, Sidney, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2841 Wisconsin St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message