2015 Schorrway Dr Lancaster, OH 43130

This exceptional investment opportunity presents a 9,000 square foot, fee-simple retail property located at 2015 Schorrway Dr NW, Lancaster, OH 43130. The property, situated on 1.09 acres, is a 100% occupied strip center anchored by a Heartland Dental practice operating under a new 10-year NNN lease with a corporate guarantee. The lease structure includes recapture of taxes, CAM, and insurance expenses, minimizing landlord responsibilities. Heartland Dental, a nationally recognized brand with over 1,700 locations, occupies a significant portion of the center, paying well below market rent compared to average Heartland locations. A second tenant, a long-standing family-owned jewelry boutique, also benefits from a new 10-year lease and corporate guarantee. This prime location boasts high visibility at a hard-corner, signalized intersection on Lancaster's busiest thoroughfare, Schorrway Dr NW, experiencing over 29,142 vehicles daily. The property benefits from strong demographics, with significant population counts within a 5-mile radius. The center is part of the Columbus-MSA, the 32nd largest in the United States. Built in 1994 and renovated in 2022, this property offers a compelling 7.76% cap rate with a net operating income (NOI) of $263,991 and an asking price of $3,400,000. The property's strong tenant base, favorable lease terms, and prime location make it an attractive investment opportunity.