5000 Oberlin Ave - Medical FOR SALE


Lorain, OH 44053
$440,000 USD
419-465-7095
5000 Oberlin Ave, Lorain, OH for Sale
$440,000 USD
Medical - FOR SALE
1/4
null | 9% Cap Rate

5000 Oberlin Ave
Lorain, OH 44053


OVERVIEW

This prime double-net (NN), fully leased dental office presents an exceptional 1031 exchange opportunity for investors seeking a stable, hands-off cash flow asset in 2025. The property features a freshly executed 5-year lease with multiple renewal options, ensuring long-term occupancy by a nationally recognized tenant with deep community roots. Situated in a proven medical corridor, the location has supported continuous dental practice operations for nearly half a century, underscoring its resilience across economic cycles. With a current net operating income (NOI) of $39,600, this investment is priced to deliver an attractive 8% capitalization rate, offering immediate in-place yield without the burdens of property management, maintenance, or tenant turnover risk. Ideal for passive investors, this turnkey NN property combines recession-resistant medical tenancy, corporate credit backing, and predictable income in a time-tested location—making it a standout addition to any diversified real estate portfolio.

FOR SALE DETAILS

PRICE

$440,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merit Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

O

APN/PARCEL ID

02-02-005-108-013

ASK ABOUT THIS PROPERTY

Jon SmithJon SmithMore Info
419-465-7095

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Jon SmithJon SmithMore Info
419-465-7095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.