6411 River CrossingsSylvania, OH 43560

For Sale
$845,571

High-yield medical office investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
91
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
Other 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
6411 River Crossings, Sylvania, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6411 River Crossings
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message