382 Blackbrook Rd Painesville, OH 44077-1294

This exceptional investment opportunity presents a 9,188-square-foot, single-tenant medical office and pharmacy building located at 382 Blackbrook Rd, Painesville, OH 44077. The property, built in 1998 and renovated in 2024, sits on a one-acre lot and boasts 32 parking spaces. Currently 100% occupied by Bloom Medicinals, a franchisee with a proven track record, the property features a long-term, double-net (NN) lease with a remaining term of approximately 3.6 years. The lease commenced July 1, 2018, and expires June 30, 2028, with built-in 3% annual rent increases. The asking price is $1,250,000, representing a price per square foot of $136.05 and a compelling 9.71% cap rate based on a Net Operating Income (NOI) of $121,400. The property is zoned for commercial use and benefits from excellent visibility and access. The lease includes two 5-year renewal options, providing long-term stability and predictable income growth. This Class A property offers a secure investment with a strong tenant and significant upside potential. The property's location in Lake County, Ohio, provides easy access to major transportation routes. This is a rare opportunity to acquire a high-performing, stabilized investment in a growing market.