Freestanding VA Outpatient
For Sale
Contact for pricing
Pending
1620 N Limestone St, Springfield, OH 45503
Fee simple interest offered for a freestanding 2019-built VA Outpatient Clinic with a modified gross lease.
Property SizeContact for details
Days on Market125
Property Features for 1620 N Limestone St
General Information
Standard status
Pending
Property subtype
Office
Site & Location
Traffic Count
17,700 vehicles/day
Highway Access
Yes
Building Details
Year Built
2019
Listing Agency:
SRS Real Estate Partners Newport Beach
(248) 688-0630
Listed By:
Frank Rogers · License #MI 6502417063
Source:
Crexi
Added: Apr 11
Changed: Aug 12
Last Checked: Aug 12 at 4:45AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee simple offering includes land and building ownership in a U.S. Government backed Veterans Affairs Outpatient Clinic investment property. The freestanding building was constructed in 2019 and is leased under a modified gross structure. Under the lease terms, the tenant is responsible for tax increases over the base year and for annual CPI increases of base operating expense, noted in the offering materials as $162,500.
The property is positioned near the hard corner intersection of Warren Drive and N Limestone Street, with 17,700 vehicles passing by daily per the provided remarks. The clinic is within an office park setting adjacent to the U.S. Social Security Administration and Nationwide Children’s Laboratory Services, and the site is also near direct on/off ramp access to U.S. Highway 68, noted as 23,000 VPD in the provided materials.
The tenant, U.S. General Services Administration, is reported to have over 7 years remaining on the initial term. The offering materials also describe the asset as a relocation site of a similar clinic located 4 miles southeast, with the tenant able to benefit from existing clients in the market.
The property is positioned near the hard corner intersection of Warren Drive and N Limestone Street, with 17,700 vehicles passing by daily per the provided remarks. The clinic is within an office park setting adjacent to the U.S. Social Security Administration and Nationwide Children’s Laboratory Services, and the site is also near direct on/off ramp access to U.S. Highway 68, noted as 23,000 VPD in the provided materials.
The tenant, U.S. General Services Administration, is reported to have over 7 years remaining on the initial term. The offering materials also describe the asset as a relocation site of a similar clinic located 4 miles southeast, with the tenant able to benefit from existing clients in the market.
Key Highlights
- Fee simple ownership of a freestanding VA Outpatient Clinic building in Springfield, OH
- Building constructed in 2019
- U.S. General Services Administration tenant with over 7 years remaining on the initial lease term
Property Analytics
Property Profile
Current Use
Lease Details
17,700 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fee simple interest offered for a freestanding 2019-built VA Outpatient Clinic with a modified gross lease.
Where is this medical center located?
The property is located at 1620 N Limestone St Springfield, OH.
What are key features of this property?
This property features: Fee simple ownership of a freestanding VA Outpatient Clinic building in Springfield, OH; Building constructed in 2019; U.S. General Services Administration tenant with over 7 years remaining on the initial lease term
