Cincinnati, OH 45236

Mercy Health

Property Address

8599 Ridge Road, Cincinnati, OH, USA

Offering Summary

  • Price: $5,183,000
  • Lot Size: 2.09 Acres
  • Cap Rate: 6.15%
  • Year Built: 2017
  • Building SF: 15,000
  • Status: Available
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  • 10 Years Remaining on Triple-Net (NNN) Lease with Bon Secours Mercy Health (Primary Medical Care)
  • Leasehold Provides for 100% Depreciable Asset
  • Annual Rental Increases with Multiple Renewal Options
  • New 2017 Construction Purpose Built Class A Medical Office Building
  • 769,694 Residents within a Ten-Mile Radius - Dense Cincinnati-Dayton MSA Infill
  • Excellent Visibility and Accessibility Along Ronald Reagan Cross County Hwy - 126 with Over 53,800 Cars/Day and Immediately Off of I-75 South (About 145,000 Cars/Day)
  • Impressive 5.7 / 1,000 SF Parking Ratio on Site
  • Directly Down the Street from the University of Cincinnati Reading Campus
  • Highly Accessible Central Location with Direct Connection to Downtown Cincinnati
  • Dense Daytime Population of 283,284 Employees within Five-Miles of Subject Property
  • Average Household Income in 2022 Exceeds $92,600 Annually in Surrounding Area

Broker Information