2701 Market St | Youngstown, OH 44507
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2701 Market St
Youngstown, OH 44507
Absolute NNN Buckeye PACE | 15-Yr Lease · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Buckeye PACE New 15-Year Abs NNN Lease in Youngstown, OH
- Tenant Invested Nearly $2 Million of their Own Funds to Retrofit Former Rite Aid and Build-Out Senior Care Facility
- 10% Increases Every 5 Years During Initial Term and Three, 5-Yr Options - +73 bps to CAP in 2030 and +79 bps to CAP in 2035
- Essential Medical Business – Federally & State-Funded (Medicare & Medicaid) PACE Program (Program for All- Inclusive Senior Care)
- Zero Landlord Responsibilities – Tenant Self-Maintains CAM & Insurance and Fully Reimburses RE Taxes; Tenant Responsible for All CapEx
- Carries Corporate Guaranty from One Senior Care Inc. – Operator of 3 PACE Programs in OH, PA, KY & VA
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Property Size
11,082 sq ft
Costar Property Class
C
Year Built
1996
Tenancy
Single
Number of Floors
1
Typical Floor Size
11,082 sq ft
Plot ratio
0.19
Total Plot Size
1.36 ac
Parking
25 Spaces
PROPERTY TAXES
| Parcel Number | 53-120-0-014.01-0 | Improvements Assessment | £116,830 |
| Land Assessment | £19,257 | Total Assessment | £136,087 |
PROPERTY TAXES
Parcel Number
53-120-0-014.01-0
Land Assessment
£19,257
Improvements Assessment
£116,830
Total Assessment
£136,087
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