6411 River Crossings Sylvania, OH 43560

Property Details for 6411 River Crossings

Year built

2002

Lot size

0.53 lot acres

Property size

2,904 SF

Zone code

31-B2

Property type

Medical offices

Property subtype

Medical centers

APN

82-33181

APU

8233181

Description

This exceptional investment opportunity presents a 2,972 square foot medical office building in Sylvania, Ohio, currently leased to Affordable Dentures and Implants under a Net Net Net (NNN) lease. The property boasts a 7.00% cap rate and a substantial $59,190 annual net operating income (NOI). The lease, with a corporate guarantee, extends until November 30, 2030, providing a secure, long-term investment. Built in 2002, this fee-simple property sits on a 0.56-acre lot and includes 40 parking spaces. The tenant, with over 425 locations nationwide, recently signed a 5-year lease extension with a 10% rent increase commencing in 2025, projecting a NOI of $61,424. A new HVAC system was installed in 2022. The property is strategically located in a thriving medical and retail corridor, experiencing high vehicular traffic (22,112+ vehicles per day), and serves a substantial population (117,364 within a five-mile radius) with a high average household income ($99,877 within one mile). The asking price is $845,571, translating to $284.51 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment with significant upside potential.