480 Glessner AveMansfield, OH 44903
15-Year NNN Lease, 8% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 5,440 SF Class A medical office condo in Mansfield, OH, 100% occupied by TD Dental under a new 15-year absolute NNN lease with 3% annual rent increases.
- Zero landlord responsibilities; ideal for passive income and 1031 exchange investors.
- TD Dental recently expanded in 2024, showcasing long-term commitment.
- Lease offers 3% annual rent increases, yielding an average return of 9.92% over the base lease term.
- TD Dental is a multi-unit operator with experienced management.
- Excellent 1031 exchange opportunity due to the long-term lease and minimal landlord responsibilities.
Property Details for 480 Glessner Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 5,440 SF
- Class
- A
- Year Built
- 1953
- Units
- 2
Location Insight
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Latitude
- 40.7536591
- Longitude
- -82.5334223
Nearby Similar for Sale
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