Health System Tenancy: Nationwide Children’s Hospital (Fitch “AA” / Moody’s “Aa2”): Nationwide is one of the largest pediatric healthcare institutions in the United States, with 68 facilities across Ohio. The tenant leases approximately 8,495 square feet—about 45% of the rentable space—through October 2033, and invested over $1 million in 2024 for a tenant-funded remodel of most of the first floor. The renovation introduced a modern floor plan with high-end finishes, enhancing the property’s appeal and functionality. ProMedica (Fitch “BB-” / S&P “BB”): ProMedica is a national health system operating 13 hospitals, 400 post-acute facilities, and employing over 2,700 physicians across 28 states. The tenant leases 5,381 square feet, or 29% of the rentable square footage across two suites and has been a tenant since 1994. Their long-term occupancy, renewals, and recent expansions highlight the property’s stability as a medical location.

Healthy Weighted Average Lease Term (WALT): The property boasts a ±6.5 Year Weighted Average Lease Term (WALT), reflecting the durability of its income stream. Over 70% of the rentable square footage is leased through 2031 or beyond, including Nationwide Children’s Hospital’s 10-year commitment through 2033. This extended WALT minimizes near-term leasing risk and enhances investor confidence in consistent returns.

Strong Economic and Demographic Advantages: Demographics: Situated in Sylvania Township, the property benefits from a population exceeding 326,000 within a 10-mile radius, providing a vast patient base. Tax Advantage: Located outside Toledo city limits, tenants enjoy the absence of city income taxes, enhancing operational cost efficiency.