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60 N Chillicothe Rd, Aurora, OH, 44202

Dental Group of Aurora

$2,631,429

Key Information

Cap Rate
7%
Tot. SF
7,368
Year Built
2025
Term Remaining
± 14 Years
Type
Healthcare
Occupancy
100%
NOI
$184,200

Highlights

• Long Term Lease – New Ownership will benefit from the passive lease structure in place, with ±14 years of term remaining on the primary lease, with multiple options. The lease calls for attractive rental increases every 5 years throughout the primary term of the lease and Ten, 1 Year Options with 2% annual increases.
• New Construction – New Construction BTS for Aurora Dental Group (Cleveland Dental Management) – Completed in 2025, new ownership will benefit from no capital expenditure needs and a beautifully constructed new building with a modern design and an extensive play area.
• Minimal Landlord Responsibilities – NN lease structure provides ownership with very few responsibilities and consistent income provided from the tenant. Tenant reimburses for all expenses.
• Strong Submarket – Aurora is a growing market, with 51,306 residents within five miles and over 5% growth from the 2020 Census. Median household income is roughly $127,886, while average household income reaches $157,116 within one mile. Median resident age is 48 years old, with 74% of households being married couples.
• Strong, Dynamic Tenant – Cleveland Dental Management is a local operator with roughly ±13 locations throughout the greater northeast Ohio area and into PA. They are not a DSO, but a collection of community based dental offices owned by one individual, where each office is independently operated in each community.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BRKP.2019005179, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113