28871 Center Ridge RdWestlake, OH 44145

This 2,647 square foot medical office building in Westlake, Ohio, is currently leased to Paradigm Oral Health under a long-term lease (7.6 years remaining) with built-in annual rental increases of 2.5%. The property boasts a strong 8.25% cap rate and a substantial NOI of $69,525, representing a $318 per square foot price. Built in 1994, the building benefits from a prime location across from a 190-bed hospital and along US Highway 20, offering excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with over 152,831 residents within a 5-mile radius and an average household income exceeding $146,829. This presents a passive investment opportunity, ideal for 1031 exchange buyers seeking a high-yield asset with minimal management responsibilities. The tenant's recent lease execution in 2022 underscores their commitment to the location, mitigating relocation risks common in the dental industry due to high build-out costs and patient retention challenges. Proximity to the Great Northern Mall, featuring major retailers, further enhances the property's appeal and potential for long-term value appreciation. The asking price for this exceptional investment opportunity is $842,728.