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Salem, OH - Optima Dermatology
2555 E. State Street | Salem, OH 44460
$4,945,000
Price5.75%
Cap Rate$284,356
NOI4,130
± SF Offering GLADescription
SRS National Net Lease Group in collaboration with Anchor Cleveland is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly built, corporate guaranteed, Optima Dermatology investment property located in Salem, OH (Youngstown MSA). The tenant, Optima Dermatology Partners, LLC, recently signed a brand new 15-year lease with 6 (5-year) option periods to extend, demonstrating their commitment to the site. The lease is corporate guaranteed, and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The building, which opened in March 2022, features a state-of-the-art design using high quality materials.
Location
Optima Dermatology is strategically located along E. State Street with clear visibility and access to 16,200 vehicles passing by daily. The asset is a quick drive into Downtown Akron, Canton, and Youngstown, making this an ideal, centralized location with easy commutes for both employees and customers. The property is ideally situated within a dense retail corridor with many nearby national/credit tenants including Walmart Supercenter, The Home Depot, Giant Eagle Supermarket, Tractor Supply Co., Dollar General, ALDI, Chipotle, and others. In addition, the site is directly across from Eastgate Shopping Center (96,617 SF) and Salem Plaza (134,268 SF), two major neighborhood centers that significantly increase consumer draw to the immediate trade area. Optima Dermatology is also within walking distance to Salem Regional Medical Center (210 beds), an independent and not-for-profit hospital dedicated to providing world-class care. Furthermore, the property is within close proximity to numerous single-family communities and multi-family complexes including Salem Commons (36 units), Laurel Court (46 units), 2020 Monroe Apartments (108 units), and more, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by over 25,400 residents and 12,700 daytime employees, with an average annual household income of $65,957.
Documents & Links
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 Offering Memorandum |  |  |