Ohio Medical Group Building

Short Description:
Ohio Medical Group Building – $1,350,000 – 8.40% Cap – 11.62% Return – Long Term Medical Lease

Details
The Ohio Medical Group building is located in Elyria, OH – a far west suburb of Cleveland. Recently constructed in 2006, the 7,500 square foot brick building has been Double-Net Leased (NN) to the Ohio Medical Group, a subsidiary of North Ohio Heart Center (NOHC), with 8 years remaining on its initial 10-year term. Ohio Medical Group operates 9 locations under NOHC and specializes in cardiology and providing a full range of primary care services. The lease structure requires the tenant to reimburse Real Estate Taxes and pay all other operating expenses direct, excluding Insurance. Easily accessible from I-480 or I-90, the subject property has great visibility from US-20 to its east. Located in a growing commercial district of Greater Cleveland, the Ohio Medical Group Building offers an investor the opportunity to earn an 11.62% cash-on-cash return with little management responsiblity.