Freestanding Dialysis Medical
For Sale
Contact for pricing
100 Pinnacle Dr, Fremont, OH 43420
Freestanding dialysis center leased long-term to DaVita, with remaining term through August 2, 2032.
Property Size6,500 SF
Lot Size2.10 Acres
Price / SF$297.38
Days on Market199
Property Features for 100 Pinnacle Dr
General Information
Standard status
Active
Size
6,500 SF
Lot size
2.10 Acres
Property subtype
Office, Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$140,141
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2012
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group Dallas
Listed By:
Nathan Huffman · License #TX 553697
Source:
Crexi
Added: Feb 18
Changed: Aug 14
Last Checked: Aug 31 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group Dallas
Investment Insights
Based on property information with market context.
This freestanding dialysis medical facility totals approximately 6,500 SF and sits on about 2.1 acres. The property is leased to DaVita, Inc. under a long-term net lease with more than 6 years remaining, expiring on August 2, 2032. The lease provides two additional five-year renewal options with 2.00% annual increases, supporting predictable rent growth.
The center operates six days per week. It is positioned near U.S. Route 20 with direct access to State Route 53 and the Ohio Turnpike (I-80/90), supporting visibility and regional connectivity.
Current annual base rent is $140,141, with scheduled 2.00% annual escalations during the initial term.
The center operates six days per week. It is positioned near U.S. Route 20 with direct access to State Route 53 and the Ohio Turnpike (I-80/90), supporting visibility and regional connectivity.
Current annual base rent is $140,141, with scheduled 2.00% annual escalations during the initial term.
Key Highlights
- 6,500 SF freestanding dialysis facility on 2.1 acres, built in 2012
- Long‑term net lease to DaVita, Inc. with 6+ years remaining; expires August 2, 2032
- Annual base rent of $140,141 ($21.56/SF) with scheduled 2.00% annual escalations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,256,580
$1.3M
Cap Rate 7%
$897,557
$897.6K
Cap Rate 9%
$698,100
$698.1K
Market Conditions
NOI Build-Up for 6,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$117.0K $18.00/SF
− Vacancy
−$12.3K −$1.89/SF
EGI
$104.7K $16.11/SF
− OpEx
−$41.9K −$6.44/SF
NOI
$62.8K $9.67/SF
Area
Sandusky County, OH
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,256,580
Cap Rate 7%
$897,557
Cap Rate 9%
$698,100
Alternative Uses
Best Use
Healthcare Medical
$897.6K
$785.4K – $1.05M
NOI $62,829 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,862 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 43420, OH
29,332
Population
13,876
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
94%
High-School Grad
136.3 sq mi
ZIP Area
215
Density / Sq Mi
$62,802
Median Household Income
$39,779
Median Earnings
$824
Median Rent
$142,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Freestanding dialysis center leased long-term to DaVita, with remaining term through August 2, 2032.
Where is this medical center located?
The property is located at 100 Pinnacle Dr Fremont, OH.
What is the asking price?
The asking price for this property is $1,933,000.
What are key features of this property?
This property features: 6,500 SF freestanding dialysis facility on 2.1 acres, built in 2012; Long‑term net lease to DaVita, Inc. with 6+ years remaining; expires August 2, 2032; Annual base rent of $140,141 ($21.56/SF) with scheduled 2.00% annual escalations
