EXCELLENT INVESTMENT OPPORTUNITY - 12%+ CAP RATE
Prime Medical/Office Building | Norwalk's South SidePositioned in the highly desirable Executive Estates Subdivision on Norwalk's south side, this multi-unit medical/office building presents a rare opportunity for investors seeking strong cash flow and long-term stability.? Fully Leased to Top-Tier Single Tenant
? Lease Commencing June 1, 2026
? 5-Year Variable Index Lease Term
? Additional 5-Year Renewal Option (Through May 2036)
? 12%+ CAP RateThe property offers a functional and professional layout ideal for medical or professional office use. It has been well maintained and provides dependable income backed by a quality tenant.Lease Highlights:Variable index lease structureTenant responsibilities: Taxes, Insurance, UtilitiesLandlord responsibilities: Maintenance/Repair of Building, HVAC, Common AreasStable, long-term tenancy with renewal optionStrategic Regional Location
Conveniently situated within approximately one hour of Cleveland and Toledo, and under two hours from Columbus, this property benefits from excellent regional accessibility while serving the growing Norwalk market.This is a turnkey investment opportunity offering strong returns, reliable tenancy, and long-term upsidean outstanding addition to any commercial real estate portfolio.
Property Information
Address34 Executive Drive
CityNorwalk
StateOH
Zip Code44857
Price$565,000
Property TypeCommercial Sale
Listing TypeOffice
Location
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