Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 3740 W Sylvania Avenue in Toledo, Ohio—a ±28,242-square-foot, single-tenant medical office building 100% leased to Retina Vitreous Associates, a highly respected retina specialty group affiliated with EyeCare Partners, the nation’s leading clinically integrated network of ophthalmology and optometry providers.
Strategically positioned within a major medical corridor in Northwest Ohio, this institutionalquality asset is backed by over 13 years of remaining primary lease term with 1.5% annual rent escalations, offering durable, long-term income growth. The lease is structured on a triple net (NNN) basis, eliminating landlord responsibilities and delivering true passive cash flow. Despite occupying approximately 31% of the interior space, the tenant pays full rent on the entire premises—ensuring 100% contractual income with no exposure to vacancy risk.
The property has benefited from recent, high-impact capital improvements totaling several hundred thousand dollars, including a full roof replacement, installation of energy-efficient LED lighting throughout the interior and parking areas, upgraded exterior fixtures, and a new heat exchanger for the boiler system. These enhancements significantly reduce near-term capital needs and contribute to long-term operational stability. The tenant’s affiliation with EyeCare Partners—a fast-growing, PE-backed platform operating over 780 providers nationwide—adds another layer of credit strength, while the mission-critical nature of retina care, which serves an aging U.S. population, enhances the long-term durability of the tenancy.
Offered at a significant discount to replacement cost and below present market value, this asset presents a rare opportunity to acquire a stabilized, income-generating healthcare property with strong in-place credit, minimal management requirements, and a robust lease structure in an established medical market. This is an ideal acquisition for investors seeking long-term, inflation hedged returns with minimal downside risk.