NNN LEASED MEDICAL BUILDINGS FOR SALE

Alex Marshamarsh@rweiler.com

10 N. High St. Suite 401 Columbus, Ohio 43215

614-221-4286www.rweiler.com

NNN 100% Leased Medical Office Development

CAP Rate 7.05 %

496-504 Havens Corners RoadGahanna, Ohio 43230

Property DescriptionNNN LEASED MEDICAL OFFICE DEVELOPMENT FOR SALE!

NNN leased medical office development with Ohio Health as anchor tenant! Ohio Health leased for 6 years through 2023 with annual increases. New lease for the second building to an experienced

daycare provider, 5 year NNN lease with annual increases! All expenses passed through to tenants. CAP 7.05 %. Strong Columbus Submarket, located across the street from the highly ranked, Gahanna

Lincoln High School. The property is strategically located for long term success. 5 minutes to Port Columbus International Airport, Easton Town Center and 10 minutes to Downtown Columbus.

Ohio Health features 29,000 employees, 11 hospitals, 200+ ambulatory sites, hospice, home health, medical equipment and other health services spanning over 47 Ohio counties. The daycare is

an experienced, local operator with a strong, personal guarantee.

Address: 496-504 Havens Corners Rd, Gahanna, Ohio 43230

County: Franklin

PID: 025-003869-00

Location: Between N. Hamilton Rd. & Mann Rd

Buildings SF: 16,732 +/- SF

Acreage: 1.429 +/- acres

Year Built: 1997

Sale Price: $3,200,000

Space Available: 100% Leased

CAP Rate: 7.05%

Zoning: SO Suburban Office

Net Operating Income

Year Square Feet Rent/SF Annual Rent

1 8,700 $14.36 $124,9322 8,700 $14.65 $127,4553 8,700 $14.94 $129,9784 8,700 $15.25 $132,6755 8,700 $15.54 $135,1986 8,700 $15.85 $137,895

Year Square Feet Rent/SF Annual Rent

1 8,032 $12.50 $100,4002 8,032 $12.50 $100,4003 8,032 $12.75 $102,4084 8,032 $13.00 $104,4165 8,032 $13.25 $106,424

Year Total NOI

1 $225,3322 $227,8553 $232,3864 $237,0915 $241,622

Daycare

Ohio Health

Aerial Map

Havens Corners Rd

Ham

ilton

Rd

Gahanna Lincoln Elementary School

Gahanna Lincoln High School

Tenant Profile

OhioHealth is a nationally recognized, not-for-profit, charitable, healthcare

outreach of the United Methodist Church. OhioHealth has been recognized as one

of the top five large health systems in America by Truven Health Analytics™,

an honor we have received six times. We are also recognized by Fortune as one

of the "100 Best Companies to Work For" and have been for 11 years in a row

(2007-2017).We are a family of 29,000 associates, physicians and volunteers, and

a network of 11 hospitals, 200+ ambulatory sites, hospice, home health, medical

equipment and other health services spanning 47 Ohio counties.

Survey

Property Location

Great Location!Easy access to I-270

Close to schoolsMinutes to Easton & Columbus Airport

10 minutes to Downtown

Gahanna Lincoln High School

Shepherd Christian Elementary School

Gahanna Middle School South

Hunters Ridge Pool

496-504 Havens Corners Rd

Street Maps

Aerial & Plat Maps

Zoning Map

Click here to see zoning text

Demographics & Traffic

GAHANNA COMMUNITY PROFILE

DemographicsPopulation: 33,248 People (2010 Census)

5.6% Growth since 2000 22,459 of population over 25 yrs. Median Age = 39.4 years old 72.4% of population over 18 years, 11.8% over 65 years

Education

Gahanna is one of the most diverse suburbs in Central Ohio 82.1% White 11.2% Black 2.6% Hispanic 3.1% Asian

Households 13,037 Households Median Size = 2.54 people 70.2% households are families Median Household Income = $70,200 Median home value = $185,100 Median rent is $682 Average age of housing is 22 years

Financial InstitutionsBenchmark BankChaseFifth ThirdHeartland BankHuntington NationalHuntingtonKEMBA Credit Union

Key BankNational CityPark NationalPowerco Credit UnionTelhio Credit UnionWesbanco BankUS Bank

TransportationAdjacent to Port Columbus International Airport15 minutes from Rickenbacker Freight Airport40 Different Air Freight Carrriers between both airportsRailroad: Conrail & CSXTruck Lines 150 in county

TaxationMunicipal Income Tax Rate is 1.5%Sales & Use Tax = 7.00%Personal Property Tax Gahanna-Jefferson = $95.88/1000 Gahanna-Columbus = $101.39/1000

Homes & Neighborhoods

• 13,577 Housing Units: 9,759 Single Family* 2,859 Multi-Unit* *previous data. Awaiting new data. • Homeowner vacancy rate: 1.2%• Rental vacancy Rate: 6.5%• 30% of Units Built since 1990• 99% of housing stock has: Plumbing Completed Kitchens Air Conditioning• 41 Active Civic Associations• Crime rate is less than 1% of the national

averagePolice reports on less than 7% of callsPolice call response time is 8 minutesFire Department call response time is under 4 minutes

Business• INCENTIVES Tax Increment Financing Tax Abatements Office & Industrial Incentive Rebate

• INDUSTRY & EMPLYMENT (Workforce Distribution) Management, Professional, & Related Occupation 46.5% Service 10.1% Sales & Offic 29.7% Construction, Extrction, & Maint. 5.7% Production, Trans. & Material 8.1%

Parks & Recreation

• Gahanna has more park space per capita than the rest of Central Ohio

• Major Existing & Proposed Bikeways & Nature Paths

• 725 Acres of Parkland• Gahanna Woods State Nature Preserve

(50 Acres)• City Recreation Program• Dog Park• The B.A.S.E at Shull Park (Bike and Skate

Escape)

Serviced by 5 highways (I-270, I-71, I-70, I-670, US 62)

Gahanna Jefferson School District 7 Elementary Schools 3 Middle Schools 1 High SchoolColumbus AcademyGahanna Christian AcademySt. MatthewsColumbus State BranchEverest Institute

City Highlights

11FACTBOOK

franklin county

EMPLOYMENT BY INDUSTRY

DEMOGRAPHICS

1,264,597RESIDENTS

33.8MEDIAN AGE

480,946HOUSEHOLDS

$52,341MEDIAN HOUSEHOLD INCOME

FRANKLIN COUNTY EMPLOYMENT BY INDUSTRY

Construction and Mining

3% 5%4%

9%

6%

8%

20%

16%

10%

3%

16%Manufacturing

Wholesale Trade

Retail Trade

Transportation and Utilities

Financial Activities

Professional and Business Services

Education and Health

Leisure and Hospitality

Other Services

Government

WORKFORCE

4.1% UNEMPLOYMENT RATEFRANKLIN COUNTY

helor US

0 10 20 30 40 50

BacBachelorAssociate USAssociate

% 25+ WITH ASSOCIATE DEGREE

OR HIGHER

% 25+ WITH BACHELOR’S DEGREE

OR HIGHER

Franklin County

U.S.Average

30.6%

38.8%

44.3%

37.6%

Source: U.S. Census Bureau, 2016 Population Estimates; U.S. Census Bureau, American Community Survey 2015; EMSI, 2017; Bureau of Labor Statistics, LAUS, seasonally adjusted by Columbus 2020 (2016 average)

COMPANY FTE OPERATIONSNationwide 13,400 HQ, software development, analytics, data center

Cardinal Health, Inc. 5,058HQ, distribution of pharmaceuticals and medical devices, radiopharmaceutical production

JPMorgan Chase & Co. 4,700 Major back office, software development, card manufacturing, data center

American Electric Power Company, Inc. 3,627 Utilities HQ, R&D, smart grid technology, transmissions, data center

Alliance Data Systems Corporation 3,057 Card services unit HQ, transactions processing, data center

Defense Supply Center Columbus 3,000 HQ of the Land and Maritime Supply Chain, distributin of supplies

Express Scripts 2,441 Pharmaceuticals distribution, customer service

Verizon Communications Inc. 2,406 Telecommunications back office, customer service, switching operations, data center

Gap, Inc. 2,200 Distribution and fulfillment of apparel, customer service

Abercrombie & Fitch Co. 2,200 HQ, distribution and fulfillment of apparel, software development

LARGEST PRIVATE SECTOR EMPLOYERS

City Highlights

FACTBOOK 3

The Columbus Region is an 11-county area comprising Delaware, Fairfield, Franklin, Knox, Licking, Logan, Madison, Marion, Morrow, Pickaway and Union counties. This Region represents the coverage area of Columbus 2020’s economic development activities.

The Columbus Region varies from the Columbus Metropolitan Statistical Area (MSA), which comprises 8 of the above 11 counties (excluding Knox, Logan and Marion) and an additional two (Hocking and Perry). Wherever possible, the information and data in this document covers the 11-county region. However, some data is only available at the MSA level and is identified as such in the text, title or source.

• Eleven-county region located in Central Ohio

• Population of 2 million people• Population growth rate of

1.3 percent annually • Ten-county Columbus MSA, 2nd fastest

growing among Midwest metro areas with at least 1 million in population

• Driver of Ohio’s population and economic growth

• 62 college and university campuses • More than 140,000 college students• Home to 15 Fortune 1000 headquarters

COLUMBUS AND FRANKLIN COUNTY

• State capital and largest Ohio city • 15th largest city in the U.S.

COLUMBUS IS WELL CONNECTED TO THE REST OF THE U.S. AND BEYOND

• Port Columbus International Airport: 31 destination airports with more than 140 daily flights

• Enhanced freight rail connections to East Coast ports in Norfolk, VA, Baltimore, MD, and Wilmington, NC

• Columbus is within 500 miles of 44 percent of the U.S. population, higher than other major distribution centers in the U.S. (Source: ESRI Business Analyst, 2013)

REGIONAL OVERVIEWTHE COLUMBUS REGION

MarionCounty

KnoxCounty

LoganCounty

68

U.S. Population within 500 miles

Columbus Chicago

Virgina Beach Los Angeles

Pittsburgh Atlanta

Charlotte Minneapolis

Louisville Savannah

St.Louis Phoenix

Indianapolis Dallas

Memphis

=

New York

Denver

Seattle

139,187,116 – 44% 83,826,331 – 27%

102,716,781 – 33% 46,902,095 – 15%

137,265,695 – 44% 81,371,175 – 26%

98,258,083 – 31% 44,152,696 – 14%

117,447,431 – 37% 66,009,482 – 21%

96,002,428 – 31%

10%

38,438,798 – 12%

110,615,985 – 35% 47,526,233 – 15%

91,338,138 – 29%

90,949,182 – 29%

17,178,926 – 5%

12,810, 661 – 4%

City Highlights

Marion County

KnoxCounty

Logan County

CLEVELAND

DETROIT

INDIANAPOLIS

CHICAGO

LOUISVILLE

PITTSBURGH

CINCINNATI

ATLANTA

ST. LOUIS

80

75

9080

90

64

70

80

71

COLUMBUS 70

77

77

64

75

65

40

250 miles 400 km

500 miles 800 km

RICHMOND

TORONTO

MATT McCOLLISTERVice President, Economic Development150 South Front ST, Suite 200Columbus, OH 43215

Phone: (614)225.6953Email: mm@columbusregion.com

COLUMBUS ECONOMIC MARKET

D

L

M

I

K

HJF

A

N

O

E

B C

G

FORTUNE 1000 HEADQUARTERS

A – Scotts Miracle-Gro Co.B – PacerC – Cardinal HealthD – Worthington IndustriesE – Mettler-Toledo International, Inc.F – Big LotsG – Huntington BancsharesH – Hexion Specialty Chemicals/Momentive Performance Materials

I – Bob Evans Farms J – Retail Ventures Inc.K – American Electric PowerL – NationwideM – Limited BrandsN – Abercrombie & FitchO – Greif

City Highlights

This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guar-antee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, inde-pendent investigation of the property for your needs. All potential buyers must take appropri-ate measures to verify all of the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained informa-tion is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.

A prospective purchaser must make its own independent investigations, projections, and con-clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement , approved by Seller, shall bind the prop-erty. Each prospective purchaser and /or broker proceeds at its own risk.

Offering Memorandum