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 term 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.
NNN lease with minimal landlord responsibilities and 2% annual rent increases
Tenant operates six locations across Lawrence County
Only three miles from Cabell Hunting Hospital (Ranked top 100 hospital in 2023) and multiple other medical institutions
Strategically located off Hwy-527 with 14,800+ VPD
RRS Ohio strategically signed a 12-year lease in 2021 to serve as a larger replacement location for its then existing outpatient clinic in South Point, OH.
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