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228 Troy St
Dayton, OH 45404 Old North Dayton

$1,388,000

Medical For Sale  •  6,731 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 6,731 Sq Ft
  • Lot Size 0.91 ac
  • Building Class B
  • Year Built 2002
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
56 Walk Score

Description

Premier Tenant: Concentra is the largest provider of occupational health services in the United States based on the number of facilities. Headquartered in Addison, Texas, Concentra operates 524 occupational health centers, 124 onsite clinics at employer worksites, and 31 CBOCs throughout 44 states. Concentra is a division of Select Medical.

Recently-Extended Long-Term Net Lease: Concentra’s recently-extended net lease features ±10 years of term remaining with 2% rent escalations every 2 years, and two FMRV 5-year renewal options.

Newly Updated Interiors & Exteriors: The facility has been well-maintained and recently (2016/2017) underwent a comprehensive interior build-out and remodel which included a new roof and new parking lot, as well as updated mechanical systems.

Downtown Dayton’s Primary Urgent Care Center: Located in Old North Dayton, Concentra is the only urgent care center within a 3-mile radius, allowing the site the ability to serve over 93,000 people.

Core Customer Base: Old North Dayton is a quaint family-oriented community northeast of downtown Dayton, between the Great Miami and Mad Rivers, and features a dense array of local retailers and family businesses, as well as three elementary schools and two learning centers. Concentra’s convenient location in a densely populated neighborhood, just north of Dayton’s thriving downtown, is highly attractive for families and young adults seeking medical care that is fast and easily accessible, with the ability to schedule same-day appointments.

Financial Summary

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Concentra 6,731 SF 11/30/2029

Amenities

  • Bus Line

Public Transportation

AirportDriveWalkDistance
Dayton International Airport 20 min - 12.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Will Pike 404-923-1381 CBRE, Inc.
Will Pike 404-923-1381 CBRE, Inc.