NNN SINGLE TENANT MEDICAL INVESTMENT FOR SALE

Alex Marshamarsh@rweiler.com

10 N. High St. Suite 401 Columbus, Ohio 43215

614-221-4286www.rweiler.com

8 Year NNN Lease 9.6 % CAP Rate26,372 +/- SF Three - Story Building

on 6.84 +/- Acres

349 Olde Ridenour RoadGahanna, Ohio 43230

Property Description NNN SINGLE TENANT MEDICAL INVESTMENT FOR SALE!

8 years remaining on a NNN lease to a national drug rehabilitation facility. Located in the affluent Gahanna suburb. This property is 10 minutes from the Columbus International

Airport, downtown Columbus and Easton Town Center. The State of Ohio is facing one of the worst drug epidemics in the country. This has increased the patient pool and demand for facilities such as this. The facility is nearly always full with an occupancy rate of 95%.

All operating expenses of the property are passed through to the tenant.

Address: 349 Olde Ridenour Road Gahanna, OH 43230County: FranklinPID: 025-004803-00Location: NWC of Olde Ridenour Rd & Chapelfield RdAcreage: 6.84 +/- acres

Gross BuildingArea: 26,372 +/- SF1st Floor: 9,705 +/- SF2nd Floor: 11,129 +/- SF3rd Floor: 5,538 +/- SFHeight: Three StoriesYear Built: 1982Sale Price: $4,500,000CAP Rate: 9.6 %Zoning: SO - Suburban OfficeParking: Surface lot Lease Term: 8 Years RemainRenewal Options: Three, Five Year OptionsRent Increases: 1% Annually

Click to View Property Drone Video

Financial Information

1st & 2nd Floor Plans

3rd Floor Plan

Relevant Articles

“Heroin epidemic kills at least 23 Ohioans each week”

“Ohio at epicenter of heroin epidemic killing

thousands”

“Ohio leads nation in overdose deaths”

Sketch

Zoning Map

Click here to see zoning text

Property Location

Great Location!Easy access to major arteries

10 Minutes to Downtown, Columbus Airport & Easton Town Center

Site

Her

e

Hoover Reservoir

Westervi

lle Rd Morse Rd

E. Dublin Granville Rd

E. Johnsto

wn Rd Rd

S Hamilton Rd Rd

Granville St

WESTERVILLE

NEW ALBANY

GAHANNA

NORTHEASTCOLUMBUS

NORTH LINDEN

Street Maps

Aerial & Plat Maps

Demographics & Traffic

GAHANNA COMM

UNITY PROFILEDemographics

Population: 33,248 People (2010 Census)

5.6% Growth since 2000 22,459 of population over 25 yrs. Median Age = 39.4 years old 72.4% of population over 18 years, 11.8% over 65 years

Education

Gahanna is one of the most diverse suburbs in Central Ohio 82.1% White 11.2% Black 2.6% Hispanic 3.1% Asian

Households 13,037 Households Median Size = 2.54 people 70.2% households are families Median Household Income = $70,200 Median home value = $185,100 Median rent is $682 Average age of housing is 22 years

Financial InstitutionsBenchmark BankChaseFifth ThirdHeartland BankHuntington NationalHuntingtonKEMBA Credit Union

Key BankNational CityPark NationalPowerco Credit UnionTelhio Credit UnionWesbanco BankUS Bank

TransportationAdjacent to Port Columbus International Airport15 minutes from Rickenbacker Freight Airport40 Different Air Freight Carrriers between both airportsRailroad: Conrail & CSXTruck Lines 150 in county

TaxationMunicipal Income Tax Rate is 1.5%Sales & Use Tax = 7.00%Personal Property Tax Gahanna-Jefferson = $95.88/1000 Gahanna-Columbus = $101.39/1000

Homes & Neighborhoods

• 13,577 Housing Units: 9,759 Single Family* 2,859 Multi-Unit* *previous data. Awaiting new data. • Homeowner vacancy rate: 1.2%• Rental vacancy Rate: 6.5%• 30% of Units Built since 1990• 99% of housing stock has: Plumbing Completed Kitchens Air Conditioning• 41 Active Civic Associations• Crime rate is less than 1% of the national

averagePolice reports on less than 7% of callsPolice call response time is 8 minutesFire Department call response time is under 4 minutes

Business• INCENTIVES Tax Increment Financing Tax Abatements Office & Industrial Incentive Rebate

• INDUSTRY & EMPLYMENT (Workforce Distribution) Management, Professional, & Related Occupation 46.5% Service 10.1% Sales & Offic 29.7% Construction, Extrction, & Maint. 5.7% Production, Trans. & Material 8.1%

Parks & Recreation

• Gahanna has more park space per capita than the rest of Central Ohio

• Major Existing & Proposed Bikeways & Nature Paths

• 725 Acres of Parkland• Gahanna Woods State Nature Preserve

(50 Acres)• City Recreation Program• Dog Park• The B.A.S.E at Shull Park (Bike and Skate

Escape)

Serviced by 5 highways (I-270, I-71, I-70, I-670, US 62)

Gahanna Jefferson School District 7 Elementary Schools 3 Middle Schools 1 High SchoolColumbus AcademyGahanna Christian AcademySt. MatthewsColumbus State BranchEverest Institute

City Highlights

FACTBOOK 3

The Columbus Region is an 11-county area comprising Delaware, Fairfield, Franklin, Knox, Licking, Logan, Madison, Marion, Morrow, Pickaway and Union counties. This Region represents the coverage area of Columbus 2020’s economic development activities.

The Columbus Region varies from the Columbus Metropolitan Statistical Area (MSA), which comprises 8 of the above 11 counties (excluding Knox, Logan and Marion) and an additional two (Hocking and Perry). Wherever possible, the information and data in this document covers the 11-county region. However, some data is only available at the MSA level and is identified as such in the text, title or source.

• Eleven-county region located in Central Ohio

• Population of 2 million people• Population growth rate of

1.3 percent annually • Ten-county Columbus MSA, 2nd fastest

growing among Midwest metro areas with at least 1 million in population

• Driver of Ohio’s population and economic growth

• 62 college and university campuses • More than 140,000 college students• Home to 15 Fortune 1000 headquarters

COLUMBUS AND FRANKLIN COUNTY

• State capital and largest Ohio city • 15th largest city in the U.S.

COLUMBUS IS WELL CONNECTED TO THE REST OF THE U.S. AND BEYOND

• Port Columbus International Airport: 31 destination airports with more than 140 daily flights

• Enhanced freight rail connections to East Coast ports in Norfolk, VA, Baltimore, MD, and Wilmington, NC

• Columbus is within 500 miles of 44 percent of the U.S. population, higher than other major distribution centers in the U.S. (Source: ESRI Business Analyst, 2013)

REGIONAL OVERVIEWTHE COLUMBUS REGION

MarionCounty

KnoxCounty

LoganCounty

68

U.S. Population within 500 miles

Columbus Chicago

Virgina Beach Los Angeles

Pittsburgh Atlanta

Charlotte Minneapolis

Louisville Savannah

St.Louis Phoenix

Indianapolis Dallas

Memphis

=

New York

Denver

Seattle

139,187,116 – 44% 83,826,331 – 27%

102,716,781 – 33% 46,902,095 – 15%

137,265,695 – 44% 81,371,175 – 26%

98,258,083 – 31% 44,152,696 – 14%

117,447,431 – 37% 66,009,482 – 21%

96,002,428 – 31%

10%

38,438,798 – 12%

110,615,985 – 35% 47,526,233 – 15%

91,338,138 – 29%

90,949,182 – 29%

17,178,926 – 5%

12,810, 661 – 4%

City Highlights

Marion County

KnoxCounty

Logan County

CLEVELAND

DETROIT

INDIANAPOLIS

CHICAGO

LOUISVILLE

PITTSBURGH

CINCINNATI

ATLANTA

ST. LOUIS

80

75

9 080

90

64

70

80

71

COLUMBUS 70

77

77

6 4

75

65

4 0

250 miles 40 0 km

50 0 miles 80 0 km

RICHMOND

TORONTO

FORTUNE 10 0 0 HEADQUARTERS

City Highlights

This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guar-antee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, inde-pendent investigation of the property for your needs. All potential buyers must take appropri-ate measures to verify all of the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained informa-tion is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.

A prospective purchaser must make its own independent investigations, projections, and con-clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement , approved by Seller, shall bind the prop-erty. Each prospective purchaser and /or broker proceeds at its own risk.

Offering Memorandum