2841 Wisconsin StSidney, OH 45365

Property Details for 2841 Wisconsin St

Year built

2024

Lot size

1.11 AC

Property size (Sq ft)

6,533 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Sidney

County

Shelby

State

Ohio

Latitude

40.2882

Longitude

-84.2056

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