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20466938
20466940

1781 Countryside Drive, Lancaster, OH 43130

SS
OH 2019004464
JLL - Columbus | Front Street, Ohio
JLL
Listed by JLL - Columbus | Front Street, Ohio, JLL
$2,395,000
602 days on market
Updated 65 days ago

1781 Countryside Drive

Details
Property Type Office
Sub Type Medical Office
Square Footage 9,954
Cap Rate 7.74%
NOI $185,458
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Options Two (2) Seven (7) Year Renewal Options
Year Built 2006
Acreage 1.800
Zoning (442) C - Medical Clinics and Offices
Parking Spaces 48 spaces
Parking Per SqFt 4.82
Ownership Fee Simple

Office | 7.74% CAP | 9,954 SqFt

Marketing description

Price Reduced! 1781 Countryside Drive presents a unique opportunity to acquire a single-tenant medical office building in Lancaster, Ohio. This well-maintained 9,954 SF property is 100% leased to Diley Medical Group through February 2032, offering stable, long-term income. The lease features landlord-favorable terms and includes two 7-year renewal options, further securing the investment. The facility itself is well-equipped with 17 exam rooms, 8 offices, 7 nurse stations, 4 lab/procedure spaces, and a 954 SF lower-level lab space. Constructed in 2006 on 1.8 acres, the building offers 48 parking spaces and benefits from a convenient location approximately 3 miles north of Fairfield Medical Center. With an established, long-term tenant and attractive, landlord-friendly lease terms, this medical facility provides an outstanding investment opportunity in a thriving healthcare market

Investment highlights

  • Medical facility located approximately 3 miles north of Fairfield Medical Center. The single tenant building consists of the following
  • (17) Seventeen Exam rooms
  • (8) Eight Office spaces
  • (6) Seven Nurse stations
  • (5) Five restrooms
  • (4) Four Lab or procedure spaces
  • Billing room
  • Phone room
  • Breakroom
  • Training room
  • Front desk/Reception desk
  • Waiting area
  • 954 SF lab space on lower level with reception, break area and restroom

Listing Contacts

SS
OH 2019004464
JLL - Columbus | Front Street, Ohio
JLL
Listed by JLL - Columbus | Front Street, Ohio, JLL

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$185,458.00
$15,454.83/mo

Valuation Metrics

0
DSCR
7.74%
Cap Rate
7.74%
ROI

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Additional Information

Name
Sean Stricker
License
2019004464
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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