Medical Office Property with NNN
New
For Sale
$2,700,000
715 Buckles Ct N, Gahanna, OH 43230
A 2021-built healthcare facility is occupied under a triple-net lease with approximately five years remaining.
Property Size7,474 SF
Days on Market1
Property Features for 715 Buckles Ct N
General Information
Standard status
Active
Size
7,474 SF
Property subtype
Office
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
surgery
Building Details
Building Size
7,474 SF
Year Built
2021
Tenancy
Single
Listing Agency:
Kohr Royer Griffith, Inc.
Listed By:
Paulina Canini
(614) 271-2260
Source:
Krgre
Added: Oct 30
Last Checked: Oct 30 at 3:22PM
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 Kohr Royer Griffith, Inc.
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Investment Insights
Based on property information with market context.
Built in 2021, this medical office property is occupied by a healthcare tenant under a triple-net lease, with approximately five years remaining. The property is affiliated with USPI and receives an 80% tax abatement through 2031.
The site is in Gahanna, 8 miles from downtown Columbus and minutes from John Glenn International Airport. More than 110,000 employees are located within five miles.
The site is in Gahanna, 8 miles from downtown Columbus and minutes from John Glenn International Airport. More than 110,000 employees are located within five miles.
Key Highlights
- Medical tenant in place with approximately five years remaining on a triple‑net lease
- Built in 2021
- 80% tax abatement through 2031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,711
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,220
$1.9M
Cap Rate 7%
$1,353,014
$1.4M
Cap Rate 9%
$1,052,344
$1.1M
Market Conditions
NOI Build-Up for 7,474 SF
Gross rent
$179.4K $24.00/SF
− Vacancy
−$21.5K −$2.88/SF
EGI
$157.9K $21.12/SF
− OpEx
−$63.1K −$8.45/SF
NOI
$94.7K $12.67/SF
Area
ZIP 43230
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,220
Cap Rate 7%
$1,353,014
Cap Rate 9%
$1,052,344
Alternative Uses
Best Use
Healthcare Medical
$1.35M
$1.18M – $1.58M
NOI $94,711 @ 7.0% cap · market cap 3.51%
Second Best
Office B
$1.07M
$933.0K – $1.24M
NOI $74,638 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,245 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dr. Jennifer A. Dickerson, MD — 920 N Hamilton Rd Suite 400, Columbus, OH 43230, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 2021-built healthcare facility is occupied under a triple-net lease with approximately five years remaining.
Where is this medical office space located?
The property is located at 715 Buckles Ct N Gahanna, OH.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Medical tenant in place with approximately five years remaining on a triple‑net lease; Built in 2021; 80% tax abatement through 2031
