MyEyeDr. Medical Office | 8% Cap
Income Today. Flexibility Tomorrow.
Marketing description
Fully renovated, single-tenant medical office leased to MyEyeDr. providing immediate in-place income of $40,000 annually. The offering features approximately two years of remaining lease term, creating a defined window for investors to collect income while evaluating long-term strategy.
Beyond the current income stream, the property benefits from highly flexible Service District zoning, allowing for a wide range of medical, retail, office, and service-oriented uses. This positions the asset for multiple exit strategies, including tenant renewal, re-tenanting, or owner-user conversion.
Located in Cortland, Ohio within the Youngstown–Warren MSA, the property sits within an established retail and service corridor supported by a stable residential base and surrounding trade area demand. National retailers and daily-use services drive consistent traffic, reinforcing long-term viability for healthcare and service-oriented users.
Investment highlights
- Good fit for 1031 exchange
- $40,000 annual in-place income (8% cap rate)
- Leased to MyEyeDr., a national vision care provider
- Approximately two years of remaining lease term
- Two (2) three-year renewal options
- Modified gross lease with strong expense pass-throughs
- Tenant reimburses real estate taxes and operating costs
- Remote exam model supports continued occupancy
- Highly flexible Service District zoning allows for multiple future uses
- Positioned for renewal, re-tenanting, or owner-user conversion
- Established retail corridor with consistent local and regional demand
- 100% occupied single-tenant asset
- Right of First Refusal (30-day response period)
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