Single Tenant Medical Building for SALE

703 St. Rt. 28, Milford, OH

$1,365,400

Price

7.5%

Cap Rate

$102,408

NOI

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Street
Map
Overview
Cap Rate
7.5%
NOI
$102,408
Building Size
6,736 sqft
Lot Area
0.92 acres
Occupancy
100%
Class
B
Year Built
1950
Floors
2
Description

SVN is proud to offer for sale 703 St. Rt. 28 in Milford, OH a single-tenant free-standing medical building occupied by ABC Pediatric/Ivy Rehab Network. The Amazon-proof operator of over 540 physical therapy clinics in 15 states, Ivy Rehab is a rapidly growing network of best-in-class outpatient physical, occupational, speech, and ABA therapy clinics. New 7 year NNN lease signed in 2023 with minimal owner expenses. The highly visible location, only a 2-minute drive to the I-275 on-ramp, is in the heart of the Milford submarket of Cincinnati, OH. Five-mile average incomes of $120,000 and a population of 120,400 people offer strong support and growth potential for this site.

With its strategic location, just 20 miles from Cincinnati, Milford provides easy access to major markets and transportation networks. The business-friendly community embraces innovation and entrepreneurship, fostering a diverse economy across various industries taking advantage of a skilled and educated workforce, along with top-notch educational institutions nearby. Milford's charming small-town atmosphere blends seamlessly with modern amenities, making it an ideal place for work-life balance. From affordable real estate to supportive local government, Milford ensures a conducive business environment for startups and established enterprises alike.

Highlights
  • Single Tenant Freestanding Medical Building
  • Amazon-proof Tenant Ivy Rehab, operator of over 540 Therapy Clinics in 15 states
  • Market Beating 7.5% Cap Rate With 2% Annual Increases
  • Lease Expires 5/31/2030, Replaceable Market Rent
  • Major Building Renovations in 1997, 2016 and 2023
  • Flat .92 acre Site Striped and Sealed in 2023
  • 2 Minute Drive to I-275
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Location
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