34 Executive Drive, Norwalk, OH 44857
sale
$565,000
|
Other
Courtesy Of RE/MAX Quality Realty
Excellent investment opportunity featuring a fully leased multi-unit medical/office building in Norwalk's desirable Executive Estates Subdivision. Secured by a top-tier single tenant with a 5-year variable index lease commencing June 1, 2026, plus a 5-year renewal option through May 2036. Offering a strong 12%+ CAP rate, this property delivers reliable cash flow and long-term stability. Tenant covers taxes, insurance, and utilities; landlord responsible for building, HVAC, and common area maintenance. Well-maintained with a professional layout ideal for medical or office use. Strategically located within one hour of Cleveland and Toledo, and under two hours to Columbus, providing excellent regional access and growth potential.
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Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Heating System: Natural Gas
- MLSID: 9070512
- Roof Type: Other
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