ChenMed - Cincinnati, OH_Propiedad en venta

6121 Colerain Avenue, Cincinnati, OH, 45239, US

ChenMed - Cincinnati, OH

Descripción

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 6121 Colerain Ave, Cincinnati, OH ("Property" or "Asset"). At this location ChenMed operates its Dedicated Senior Medical Center concept. The Property is fully occupied by Dedicated Senior Medical Center, operating on a long-term, absolute NNN lease with ±20 years of primary term remaining.

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 120 centers nationwide.

The Asset consists of a 7,845 SF medical office building situated on a 1.11-acre parcel. Originally built in 1997 and fully renovated in 2020, the facility operates as a modern medical clinic providing primary care services for seniors. The absolute NNN lease features attractive 2.5% annual rent escalations, providing a strong hedge against inflation. The lease term is further supported by two, 7-year renewal options.

Positioned on the highly trafficked Colerain Avenue with exposure to over 47,500 vehicles daily, the Property is supported by a dense, affluent demographic ideal for its patient base, with an average household income of $77,793 and population of 10,147 within a one-mile radius.

This offering provides investors the opportunity to acquire a long-term income stream, leased to a recession-resistant healthcare operator of scale, within a high-growth Ohio market.

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Atributos

Superficie neta construida

729 m²

Ocupación

100 %

Año de construcción

1997

Superficie bruta del terreno

0,45 ha

WAULT

19.8 años

Media

Aspectos destacados de la inversión

Strong Lease Structure: Absolute NNN lease with ±20 years remaining, featuring annual rent increases of 2.50%, plus two 7-year renewal options.
Leading Healthcare Facility: Dedicated Senior Medical Center is a premier primary care provider delivering a comprehensive, high-touch care model specifically for seniors, including on-site diagnostics like X-rays, specialty care such as podiatry, medication services, and unique patient-focused benefits like door-to-doctor transportation.
Excellent Connectivity: Strategically located along Colerian Ave with 47,500 vehicles per day, providing easy access to major thoroughfares and nearby medical facilities.
Robust Healthcare Presence: The Property is strategically located near several of the region's dominant healthcare systems, which generated over $11 billion in net patient revenue in 2024, including Cincinnati Children’s Hospital (762 beds) and the University of Cincinnati Medical Center (699 beds).
Growing Market Demand: Ohio is facing increased demand for senior care, with a 14% projected increase in the 65+ population from 2022-2030.
Strategic Location: Positioned in Cincinnati, the Property benefits from a dominant healthcare market where the leading hospital systems generated over $11 billion in net patient revenue in 2024.
Affluent Demographics: Located in an area with an average 55-64 household income of $77,793 within a 1-mile radius, increasing to $107,984 within a 5-mile radius.