List with SIG
Tap into the expertise of brokers who specialize in your property type.
Get In TouchBrightView Health – Springfield, OH
BrightView Health
201 North Yellow Springs Street, Springfield, OH 45504, USA
Sands Investment Group is pleased to exclusively present the 6,600 SF BrightView property at 201 North Yellow Springs Street in Springfield, OH. Completely renovated in 2019, this turnkey asset is backed by a strong tenant with just under 3 years remaining on a 9-year lease and two additional 5-year renewal options – offering investors long-term stability and income potential.
- BrightView is an addiction treatment center that combines medical treatment with psychological therapy and social services.
- Double net (NN) lease with just under 3 years remaining on a 9-year term, featuring two 5-year extension options; annual rent increases of 1% during the base term, then escalating to 1.5% annually beginning with the first option year.
- BrightView operates over 75 locations in 5 states: Ohio, North Carolina, Kentucky, Virginia, and Maryland.
- The building is 6,600 SF and was completely renovated in 2019.
- Located across the street from Mercy Health – Springfield Regional Medical Center.
- Mercy Health is the largest hospital system in Ohio and the 5th largest employer in the state, with over 600 locations and 35,000 employees.
- Springfield is located 45 minutes from Columbus and 25 minutes from Dayton.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker – Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224
BrightView Health
201 North Yellow Springs Street, Springfield, OH 45504, USA
BRIGHTVIEW
BrightView is redefining addiction treatment through a patient-focused, evidence-based approach paired with genuine compassion and a commitment to transforming lives. The organization integrates medical care, psychological therapy, and social services to provide comprehensive support for individuals working to overcome addiction. With evidence-based outpatient programs, BrightView helps patients rebuild their lives without major disruption to their daily routines. Founded by a doctor, a lawyer, and a businessman who believe that everyone deserves the chance to change for the better, BrightView was established to set a new standard in addiction medicine. BrightView has over 75 centers across Ohio, Kentucky, Virginia, North Carolina, and Maryland.
Similar Listings
Medical Office – Offices on 46 – Spring Branch, TX
Spring Branch, Texas
Cap Rate: 5.75%
$2,719,732
Available
NextCare Urgent Care and Booz Allen Hamilton – Leavenworth, KS
Leavenworth, Kansas
Cap Rate: 7.75%
$2,299,509
Available
Price
$1,300,000
Cap Rate
8.62%
PREMISES
6,600 SF
RENEWAL OPTIONS
2 x 5 Year Options
Lease Expiration
05/31/2028
Lease Type
NN
RENTAL INCREASES
1% Annually During Base Term; 1.5% Annually During Options
BROKERS
Scott Reid, ParaSell LLC
Get Property Updates in Your Inbox
Subscribe to the SIG newsletter to access properties before they come to market.
To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.