Overview
Jennifer Stein Real Estate, Inc., in conjunction with Zeustra Healthcare Real Estate Advisors – Out-of-State Cooperating Broker, is pleased to present the exclusive opportunity to acquire the Three Gables Surgery Center, a purpose-built ambulatory surgery center located at 5897 County Road 107 in Proctorville, Ohio, within the Huntington, West Virginia medical corridor. This single-tenant, triple net leased healthcare asset is leased to Three Gables Surgery Center, LLC, which is managed by St. Mary’s Medical Center (SMMC), a member of Marshall Health Network and one of the region’s leading healthcare systems. The tenant has recently executed a new five-year lease renewal, reinforcing its long-standing commitment to the location and providing investors with stable, predictable cash flow.
Originally constructed in 2002 for the tenant, the facility has a proven operating history spanning more than two decades and supports approximately 4,850 annual surgical cases. The surgery center features four fully equipped operating rooms and two procedure rooms, while the adjoining St. Mary’s Imaging Center offers on-site MRI services, creating a comprehensive outpatient medical campus. Three Gables performs a wide range of same-day procedures, including orthopedic, ENT, ophthalmology, plastic and reconstructive, podiatry, and pain management surgeries—delivering hospital-level care in a lower-cost, outpatient setting that aligns with the ongoing shift toward ambulatory surgical delivery nationwide.
Investment Highlights
Mission-Critical Surgical Facility
- ±29,732 SF purpose-built ambulatory surgery center constructed in 2002 with 20+ years of continuous operations.
- Single-tenant, net-leased facility managed by St. Mary’s Medical Center (SMMC), a member of Marshall Health Network.
- Newly executed five-year lease renewal reinforces long-term tenant commitment and income stability.
- High-volume outpatient surgical center performing approximately 4,850 annual cases.
- Features four operating rooms and two procedure rooms supporting multiple surgical specialties.
Strategic Hospital Proximity
- Located in Proctorville, Ohio within the Huntington, West Virginia medical corridor, directly serving the greater Tri-State region (Ohio, West Virginia, Kentucky).
- Positioned approximately 2.5 miles from St. Mary’s Medical Center, a 413-bed regional referral hospital and one of the largest healthcare employers in the state.
- Direct alignment with St. Mary’s Medical Center and Marshall Health Network strengthens referral patterns and long-term outpatient integration.
- Benefits from proximity to a major acute-care campus offering cardiac care, oncology, trauma services, neuroscience, and orthopedics—supporting consistent surgical demand.
Operational and Financial Security
- More than 20 years of continuous surgical operations at this purpose-built facility underscore long-term stability and tenant commitment.
- Single-tenant, net-leased structure provides predictable cash flow with minimal landlord management responsibilities.
- Recently renewed five-year lease reinforces income durability and continued integration within the health system’s outpatient network.
- High-volume ambulatory surgery center performing approximately 4,850 cases annually demonstrates consistent utilization and demand.
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