For Sale
$845,571

6411 River Crossings Sylvania, OH 43560

High-yield medical office investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 2,972 square foot medical office building in Sylvania, Ohio, currently leased to Affordable Dentures and Implants under a Net Net Net (NNN) lease. The property boasts a 7.00% cap rate and a substantial $59,190 annual net operating income (NOI). The lease, with a corporate guarantee, extends until November 30, 2030, providing a secure, long-term investment. Built in 2002, this fee-simple property sits on a 0.56-acre lot and includes 40 parking spaces. The tenant, with over 425 locations nationwide, recently signed a 5-year lease extension with a 10% rent increase commencing in 2025, projecting a NOI of $61,424. A new HVAC system was installed in 2022. The property is strategically located in a thriving medical and retail corridor, experiencing high vehicular traffic (22,112+ vehicles per day), and serves a substantial population (117,364 within a five-mile radius) with a high average household income ($99,877 within one mile). The asking price is $845,571, translating to $284.51 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment with significant upside potential.

Highlights

  • Long-term lease extension through November 30, 2030.
  • New HVAC system installed in 2022.
  • 10% rent increase to $61,424 NOI in 2025.
  • Prime medical/retail location with 22,112+ vehicles per day.
  • Dense population of 117,364 within a five-mile radius.
  • High average household income of $99,877 within one mile.

Property Details for 6411 River Crossings

Property type
Office properties, Medical offices
Square Feet
2,972 SF
Year Built
2002
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Sylvania
County
Lucas
State
Ohio
Latitude
41.7146182
Longitude
-83.6981885

FAQs

What type of property is this?
Office property - High-yield medical office investment. Strong tenant.
Where is the office property located?
The property is located at 6411 River Crossings Sylvania, OH.
What is the asking price?
The asking price for this property is $845,571.
What are key features of this property?
This property features: Long-term lease extension through November 30, 2030.; New HVAC system installed in 2022.; 10% rent increase to $61,424 NOI in 2025.
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.
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6411 River Crossings
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