$508,000 SALE
Office Bldg
4,329 SF
27127 Chardon Road
Richmond Heights, OH 44143 US STNL In An Opportunity Zone - Richmond Heights Dental Arts


Free Standing Single Tenant Medical/Dental Building with NNN Lease.


This is an attractive STNL Investment opportunity with a long-term NNN tenant. Richmond Heights Dental Arts Building is a free standing dental office building, home to a long-term family dental practice. It is located on Chardon Road, a high-traffic area, and is adjacent to University Hospitals Richmond Medical Center, a large regional hospital. It is also surrounded by numerous national retailers and stable residential neighborhoods - both single-family and large apartment complexes. The long-standing history of continuous dental office use as well as the proximity to the hospital and medical office campus make this property a valuable addition to any investors portfolio.


Property Type Office Bldg
Property Use Net Leased Property
Year Built 1965
Level Number 1
Average Floor Size 4,329
Building Class B
Cap Rate Percentage 9.69
Listing ID G87TVQ
MLS ID 427742
Style Other Style
Building Size 4,329 SF
Lot Size 0.55 AC

Property Highlights

Existing Lease Through 10/31/2022. $4,100/Mo NNN

Densely Populated Area, Including Over 400 Apartments Within Walking Distance

High Traffic Area

Consistent Dental Use Since 1987

Long-term quality tenant with NNN lease.

Asking price is a 9.7% CAP!

Property Features
Parking Places: 14
Location: Directly across from University Hospitals Richmond Medical Center and in close proximity to may other health providers. Close to retail and densely populated residential neighborhoods. Convenient access to major highways including I-90, I-271 and OH-2. Located in high-traffic area with excellent visibility from Chardon Road. Close to Cuyahoga County Airport
Financials
Down Payment: $127,000
Gross Income: $49,200
Loan Payment: $28,076
Additional Media