60 N Chillicothe Rd, Aurora, OH, 44202
Dental Group of Aurora
Key Information
Highlights
• Long Term Lease – New Ownership will benefit from the passive lease structure in place, with ±14 years of term remaining on the primary lease, with multiple options. The lease calls for attractive rental increases every 5 years throughout the primary term of the lease and Ten, 1 Year Options with 2% annual increases.
• New Construction – New Construction BTS for Aurora Dental Group (Cleveland Dental Management) – Completed in 2025, new ownership will benefit from no capital expenditure needs and a beautifully constructed new building with a modern design and an extensive play area.
• Minimal Landlord Responsibilities – NN lease structure provides ownership with very few responsibilities and consistent income provided from the tenant. Tenant reimburses for all expenses.
• Strong Submarket – Aurora is a growing market, with 51,306 residents within five miles and over 5% growth from the 2020 Census. Median household income is roughly $127,886, while average household income reaches $157,116 within one mile. Median resident age is 48 years old, with 74% of households being married couples.
• Strong, Dynamic Tenant – Cleveland Dental Management is a local operator with roughly ±13 locations throughout the greater northeast Ohio area and into PA. They are not a DSO, but a collection of community based dental offices owned by one individual, where each office is independently operated in each community.
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