Office For Sale • 11,335 SF
| Single-Tenant NNN Corporately Guaranteed by High-Profile, Elite Investment Grade, and World Renown Medical Provider, Cleveland Clinic (S&P "AA") |
| Eye Popping Self-Funded Investment by Tenant into for Approximately $6.8 Million & Sales Price of $3.5 Million!! Higher Tier Location (Imaging & Lab) |
| Full 10-Years of Lease Term (Lease Commences 3/1/2026) | 2025 Ranked #2 Hospital in US, Along w/ Named No.1 for Heart Program Since 1995! (Newsweek) |
| No Daily Mgmt. Responsibilities: Tenant Handles ALL Maintenance Directly and Reimburses for Real Estate Taxes and Insurance |
| Affluent Market: Average Household Incomes $123k in 5-Miles & Directly Off Major Highway (55k VPD) & Located on Main Artery with Another 30k VPD |
| Far Below Comparable Rental Rates to Other Similar Medical/Urgent Care Facilities at Only $17/S.F. as well as Far Below Building Replacement Costs |
| Cap Rate: | 5.50 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Cleveland Clinic: S&P "AA" | 11,355 SF | 4/1/2036 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Akron-Canton Regional | 29 min | - | 21.8 mi |
| Cleveland-Hopkins International | 47 min | - | 32.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 40 |
| Type: | Surface |
| Included in Rent: | Yes |