517 3rd Ave, Chesapeake, OH 45619 For Sale

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Introducing a premium investment opportunity in Chesapeake, Ohio - 517 Third Avenue. This 100% occupied, single-tenant medical office building is strategically positioned off OH-527. With neighboring national retailers like CVS and Dollar General, this net lease property boasts zero landlord responsibilities and guarantees a steady income stream with 2% annual rental increases. The tenant, RRS Ohio Drug & Alcohol Counseling LLC, is a top-tier healthcare provider, adding significant value to the property. Situated just 3 miles from the esteemed Cabell Huntington Hospital, this location sees high daily traffic of over 14,800 vehicles, ideal for sustained visibility and success. The lease, with a corporate and personal guarantor, runs until January 2033, with a renewal option available. Don't miss out on this exceptional opportunity to secure a long-term, passive income-generating asset in a prime location!

• Non-Contingent
• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit

517 3rd Ave, Chesapeake, OH 45619