
ChenMed - Maple Heights, OH
5264 Lee Rd, Maple Heights, OH, 44137, US
CA$5,701,000
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in the Chen Dedicated Holdings LLC (“ChenMed” or “Tenant”) medical office building located at 7642 Reading Road, Cincinnati, OH ("Property" or "Asset"). At this location ChenMed operates its Dedicated Senior Medical Center concept. The Property is fully occupied by ChenMed, operating on a long-term, absolute NNN lease with ±18 years of primary term remaining and 2.50% annual escalations.
Dedicated Senior Medical Center, a key part of the national ChenMed family, provides a transformative, physician-led primary care model specifically for seniors. As a comprehensive healthcare destination, it offers a full spectrum of services under one roof, including on-site labs, diagnostics, medication dispensing, and transportation. The center operates on a high-touch, value-based care model, assigning each physician a small patient panel to ensure personalized attention. This proactive approach leads to proven superior outcomes, including 33% fewer hospitalizations for its patients, and has fueled the company's expansion to over 110 centers nationwide.
Strong Lease Structure: Absolute NNN lease with approximately 18 years remaining, featuring 2.50% annual rent increases and two 7-year renewal options.
Leading Healthcare Facility: Dedicated Senior Medical Center provides comprehensive senior-focused primary care services, including on-site diagnostics, specialty care, medication services, and patient transportation programs.
Excellent Connectivity: Strategically located on Reading Rd with convenient access to Ronald Reagan Cross County Highway and I-75, providing strong regional connectivity to surrounding medical and population centers.
Robust Regional Healthcare Presence: Positioned within close proximity to several major healthcare systems, including UC Medical Center, The Christ Hospital, TriHealth Good Samaritan, and Cincinnati Children’s.
Strong Senior Demographics & Demand Drivers: Located in a dense senior population market with above-average Medicare Advantage penetration and long-term projected growth in Ohio’s 60+ population.

