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Parachute Plasma

Sidney, Ohio

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NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at West Michigan St., Sidney, OH 45365. The site consists of roughly 6,533 rentable square feet of building space on an estimated 1.113-acre parcel of land. This Parachute Plasma is subject to a 20 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $410,214 and has scheduled increases of 2.00% Annually Starting Year 6.

20-Year Triple-Net (NNN) Lease
At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-
Net Lease. The Lease will Have No Landlord Responsibilities.

Attractive Rental Increases and Renewal Options
The Lease will Feature Two Precent (2.0%) Annual Rental Increases
Starting Year Six (6) and Four (4), Five (5) Year Renewal Options

Robust Traffic Counts
West Michigan Street and Interstate 75 have Average Daily Traffic Counts of
23,100 and 48,100 Vehicles, Respectively.

Key Details

Price:
$5,658,124
Cap Rate:
7.25%
Annual Rent:
$410,214
Address:
West Michigan Street, Sidney, Ohio 45365
Property Type:
Specialty - Medical
Lease Type:
Triple Net (NNN)

Original Lease Term:
20
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from COE
Lease Term Remaining:
20
Rental Increases:
2.00% Annually Starting Year 6
Lot Size:
1.11 Acres
Building Size:
6,533 SF
Year Built:
2024
Tenant:
Parachute Plasma

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Amelia Haydock

License: 10401334976

Broker of record

Brian Brockman

Bang Realty, Inc

License: BRK.2009000214


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