Merit Dental 5000 Oberlin Ave 3,300 SF 100% Leased Office Building Lorain, OH 44053 $690,980 CAD ($209.39 CAD/SF) 8% Cap Rate

This prime triple-net (NNN), fully leased dental office presents an exceptional 1031 exchange opportunity for investors seeking a stable, hands-off cash flow asset in 2025. The property features a freshly executed 5-year lease with multiple renewal options, ensuring long-term occupancy by a nationally recognized tenant with deep community roots.
Situated in a proven medical corridor, the location has supported continuous dental practice operations for nearly half a century, underscoring its resilience across economic cycles. With a current net operating income (NOI) of $39,600, this investment is priced to deliver an attractive 8% capitalization rate, offering immediate in-place yield without the burdens of property management, maintenance, or tenant turnover risk. Ideal for passive investors, this turnkey NNN property combines recession-resistant medical tenancy, corporate credit backing, and predictable income in a time-tested location—making it a standout addition to any diversified real estate portfolio.