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31539590
31141568

2155 Allentown Rd, Lima, OH 45805

CB
Fl SL3424071
Marcus & Millichap - Orlando
GD
FL SL3653952
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$673,500
100 days on market
Updated 80 days ago

AEG Vision | 9.49% CAP | NNN Lease

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,000
Units 1
Cap Rate 9.49%
NOI $63,981
Occupancy 100%
Tenancy Single
Brand/Tenant AEG Vision
Lease Type NNN
Lease Term 8
Lease Expiration 05/22/2028
Remaining Term 1.9
Rent Bumps Yes
Lease Options (1) Three Year Option
Price per SqFt $168
Broker Co-Op Yes
Year Built 1986
Year Renovated 2021
Buildings 1
Acreage 1.000
Investment Type Net Lease
Lease Commencement 05/23/2020
Ownership Fee Simple

Longstanding Optical Practice | 40+ Years at Location

Investment highlights

Triple Net Lease with Longstanding Optical Practice

- 40 + Year Operating History in the property

High Yield Medical Investment Property

- 9.50% Cap Rate Provides Strong Cash Flow for Investor

Passive Ownership Lease Structure

- Tenant Responsible for Taxes, Insurance, and OpEx

Recent CapEx Completed

- New Roof Installed 2024, Large Interior Remodel 2021

Excellent Location with Frontage on Allentown Rd.

- 15,300+ VPD | Nearby N. Cable Road Boasts 15,000+ VPD

Significant Population Density in Immediate Area

- 139,000 Residents within 5 Mile Radius

Strategic Location Along Allentown Road Corridor

- Major Retail Corridor Includes Walmart and other National Retailers

Proximity to Major Healthcare Anchors

- Near Mercy Health St. Rita’s & Lima Memorial

Corporate Lease with AEG Vision

- AEG has Over 500 Locations and 5,000 Optometrists

Listing Contacts

CB
Fl SL3424071
Marcus & Millichap - Orlando
GD
FL SL3653952
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$63,981.00
$5,331.75/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

Map

Zoning

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C1-B CommercialRetail CommercialClass 1 Business
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Last updated Jun 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Michael Glass
License
OH BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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