515 Parkview St - Medical FOR SALE


Wauseon, OH 43567
$979,200 USD
773-219-0964
515 Parkview St, Wauseon, OH for Sale
$979,200 USD
Medical - FOR SALE
1/4
null | 9.5% Cap Rate

515 Parkview St
Wauseon, OH 43567


HIGHLIGHTS

  • Tenant Investment in Location: Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
  • Growing Business Model: In 2017, 7.4% of dental practices were affiliated with a dental support organization. By 2020 this number grew to 10.4%
  • Recent Lease Execution: Smile Doctors acquired the practice in 2023 showing their long-term commitment to the location.
  • Ideal Investment: This deal has a low barrier to entry for investors because of its attractive price point and high return.
  • Streamlined Expansion: Smile Doctors expands by acquiring existing practices that are already established within the community
  • Best-in-Class Tenant: Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies

OVERVIEW

Broker of Record Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113

FOR SALE DETAILS

PRICE

$979,200 USD

PRICE/SF

$259 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SMILE DOCTORS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,170 SF

ZONING

B1

APN/PARCEL ID

06-011100-00.000

ASK ABOUT THIS PROPERTY

Seamus O'BrienMatthews Real Estate Investment ServicesMore Info
773-219-0964

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Seamus O'BrienMatthews Real Estate Investment ServicesMore Info
773-219-0964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.