$2,841,000 USD
216-264-2000
2701 Market St
Youngstown, OH 44507
Cottage Grove
HIGHLIGHTS
- Buckeye PACE New 15-Year Abs NNN Lease in Youngstown, OH
- Essential Medical Business – Federally & State-Funded (Medicare & Medicaid) PACE Program (Program for All- Inclusive Senior Care)
- Tenant Invested Nearly $2 Million of their Own Funds to Retrofit Former Rite Aid and Build-Out Senior Care Facility
- Zero Landlord Responsibilities – Tenant Self-Maintains CAM & Insurance and Fully Reimburses RE Taxes; Tenant Responsible for All CapEx
- 10% Increases Every 5 Years During Initial Term and Three, 5-Yr Options - +73 bps to CAP in 2030 and +79 bps to CAP in 2035
- Carries Corporate Guaranty from One Senior Care Inc. – Operator of 3 PACE Programs in OH, PA, KY & VA
FOR SALE DETAILS
PRICE
$2,841,000 USD
PRICE/SF
$256 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Absolute NNN Buckeye PACE | 15-Yr Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.36 AC
LAND SF
59,417 SF
ZONING
-
APN/PARCEL ID
53-120-0-014.01-0
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
216-264-2000
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
216-264-2000
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
