310-793-6069
517 3rd Ave, Chesapeake, OH for Sale
Medical - FOR SALE
1/9
null | Request Cap Rate

517 3rd Ave
Chesapeake, OH 45619


HIGHLIGHTS

  • Absolute NNN lease with zero landlord responsibilities and 2% annual rent increases
  • Only three miles from Cabell Hunting Hospital (Ranked top 100 hospital in 2023) and multiple other medical institutions
  • RRS Ohio signed a 12-year lease in 2021 to serve as a larger replacement location for its then existing outpatient clinic in South Point
  • Strategically located off Hwy-527 with 14,800+ VPD
  • Located near Marshall University (10,691 students), and the Port of Huntington (largest inland shipping port in the United Sates)
  • Property is being offered via auction April 13th - 15th. See link in offering memorandum

OVERVIEW

Transwestern is pleased to present 517 Third Ave in Chesapeake, OH, a single tenant medical office building. The tenant, RRS Ohio Drug & Alcohol, is on an absolute NNN lease and signed a 12-year lease at the subject property in 2021. The RRS facility is located just off OH-527 which sees more than 14,900 Vehicles per Day. OH-527 runs directly through downtown Huntington, WV to the south, and Chesapeake, OH to the North. The subject property is strategically located just 3 miles from Cabell Huntington Hospital which ranked as a top 100 Hospital in 2023. The Hospital is a 303-bed teaching hospital for Marshall University Schools of Medicine, Pharmacy and Nursing. They are home to the Hoops Family Children's Hospital and the Edwards Comprehensive Cancer Center, and serve patients throughout West Virginia, Eastern Kentucky, and Southern Ohio. Broker of Record Rich Russo Realty & Co Lic#BRKP.0700427811

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

24-027-1300-000

ASK ABOUT THIS PROPERTY

CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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