Main Street Medical Office 1435-1445 W Main St 11,200 SF 100% Leased Office Building Newark, OH 43055 $1,650,000 ($147.32/SF) 8.26% Cap Rate

Investment Overview: Main Street Medical Office provides investors with the opportunity to acquire a fully stabilized medical office asset offering attractive yield, defensive tenancy, and below-replacement pricing. The combination of net leases, strong cash flow, and proximity to the Columbus MSA positions the asset as a compelling long-term hold in a resilient property sector.
STABILIZED MEDICAL OFFICE BUILDING
- 100% leased medical office building
Tenants reimburse:
- Common Area Maintenance (CAM), Real Estate Taxes, Insurance, & Management Fees
- 4.48-year Weighted Average Lease Term (WALT)
- Single-story medical office configuration
- Ample surface parking to support medical use
- Functional floor plates suitable for continued medical occupancy
MEDICAL TENANCY
Leased to three medical and healthcare service providers
Long-standing tenancy with limited historical vacancy
Medical office sector continues to outperform traditional office in secondary markets
Leases structured to support long-term operational stability
Market & Location Highlights
- Located along W Main Street, a primary arterial serving Newark
- Close Proximity to Licking Memorial Health Systems and established medical corridor
- Newark serves as the county seat of Licking County, supporting stable healthcare demand
- Approximately 35 miles east of Downtown Columbus, benefiting from regional growth spillover
- Surrounding area features dense residential neighborhoods, retail services, and healthcare users
John Glenn Columbus International Airport – $2B Expansion
- A $2 ?Billion rebuild of the terminal is underway, with construction commencing in early 2025 and expected completion by 2029
- Features include a new 1 million sq ft terminal, 36 gates (up from 29), centralized security, pedestrian bridge access, and a 5,000-space parking garage with EV chargers
- Designed to increase capacity by ~51%, significantly enhancing passenger experience
Ohio State University & Honda Battery R&D
- OSU is launching a 25,000 sq ft battery cell R&D facility within its innovation district, set to open in April 2025, with $22?million in commitments
- Honda is contributing $15?million, with support from Schaeffler and federal backing (~$4.5?million via NIST)
- Additionally, OSU received a $1?million gift from Honda to establish an endowed professorship in automotive manufacturing
Anduril “Arsenal-1” Defense Manufacturing
- Anduril Industries is investing nearly $1?billion to build a 5-million-sq-ft advanced defense manufacturing plant near Rickenbacker (Pickaway County), creating 4,000 direct jobs
- Production expected to begin by July 2026, with Anduril receiving a 30-year tax credit to support the project
Honda & LG Energy Solution Battery Plant
- Honda and LG Energy Solution are investing $3.5?billion in a new EV battery plant in Fayette County, creating 2,200 jobs, alongside 300 additional jobs from retooling existing plants
Silicon Corridor & Major Investors
- Columbus is evolving into a Silicon Heartland/Corridor, anchored by heavy-hitters like Intel, Anduril, and Honda/LG
- A robust tech-manufacturing workforce sustained by Ohio State, Columbus State Community College, and K–12 STEM initiatives, with Central Ohio designated a White House Workforce Hub