544 Patterson Blvd
Office | 14,435 SqFt
Marketing description
544 Patterson Blvd is a 14,435 SF Class A medical office building located in Fairfield, Ohio, a suburb of Cincinnati. The Property is 100% leased to Mercy Health Cincinnati LLC, the regional market under Bon Secours Mercy Health, a nationally recognized non-profit health care system with an A1 Moody's and AA- Fitch credit rating and headquartered in Cincinnati, Ohio.
The property functions as a strategic outpatient facility for Mercy Health. Services include primary care, internal health, laboratory and integrated behavioral and mental health.
Investment highlights
Investment-Grade Healthcare Tenancy
100% leased to Mercy Health Cincinnati LLC, part of Bon Secours Mercy Health (Moody’s A1 / Fitch AA‑), one of the nation’s largest nonprofit healthcare systems
Long-Term NNN Cash Flow with Growth
Lease secured through December 2035 with more than 9 years remaining and 2.0% annual rent escalations, providing durable and growing income
Mission-Critical Outpatient Facility
Strategic care delivery location offering primary care, behavioral health, and lab services, supporting high patient volume and long-term tenancy stability
Recently Renovated | Minimal Near-Term CapEx
Significant capital investment including new 20-year roof (2025) and $1.6M in improvements, reducing near-term ownership risk
Embedded Upside via Expansion Rights
Tenant option to expand up to 5,000 SF, creating potential for future NOI growth while reinforcing tenant commitment
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
