7010 Spring Meadows Dr W, Holland, OH 43528

• Type: Multi-Tenant Office Building (5 Tenants)
• CAP Rate: 8.00%
• Strategy: 5 year HOLD
• Ownership Structure: General Partnership/TIC

Over 75% of the rent roll income is backed by credit worthy tenants (Concentra & Paychex) thereby offering a secure revenue stream. Concentra is a national health care company with more than 500 medical centers in 44 states and employs 11,000+ workers. Concentra confirmed its commitment to the location by signing a fresh 5-year extension and self-administered build-out of additional physical therapy space in 2018. Paychex, Inc. is a recognized leader in the payroll, human resource, and benefits outsourcing industry serving 605,000 payroll clients across more than 100 locations as of May, 2017.

The property is 100% occupied with a long history of stabilized tenancy.

Holland, OH has been the site of active development, having added the likes of Menards, Kroger Marketplace, Panda Express, and Chick-fil-A in recent years. The site enjoys over 275 ft. of frontage on Airport highway benefiting from over 22,500 CPD. There is a dedicated Spring Meadows traffic light located directly adjacent to the property.