Single-Tenant Office Medical
University Hospitals Urgent Care | New 10-Year NN Lease | Infill Hard-Corner Site
14800 Madison Ave, Lakewood, OH 44107
Listing Price: $3,024,000
Investment Overview
Marcus & Millichap is pleased to present University Hospitals Urgent Care in Lakewood, Ohio. This location is One Half Mile from I-90 Exit Ramps at Warren Road and is a One Half Acre Site in Cleveland’s Top Infill, Middle-Class Suburb. Rent commences October 2nd; Tenant’s grand opening slated for October 16th. Four Winds Health, LLC Corporate Guaranty – WellStreet’s Corporate Entity with Substantial Net Worth, Revenue & Profitability – Contact Agent for Additional Details.
University Hospitals Urgent Care | New 10-Year NN Lease | Infill Hard-Corner Site
Investment Highlights
- University Hospitals Urgent Care 10-Year Double- Net Lease in Lakewood, Ohio
- Rent Commences October 2nd; Tenant's Grand Opening Slated for October 16th
- Excellent Visibility - Hard Corner Location at Signalized Intersection with Zero Setback; Combined 25,000 Vehicles per Day at Madison Ave and Warren Road
- 10 Percent Rent Increases Every Five Years of Initial Term and Options
- Tenant Pays 3 Percent Management Fee ($4,900 Annually) to Compensate for Landlord CAM Coordination
- Full Renovation and Build-Out of Former Fifth Third Bank Branch; Includes All New HVAC
- University Hospitals (UH) Operates Subject Property in Partnership with WellStreet, a 100 Plus Unit Urgent Care Management Company
- Four Winds Health, LLC Corporate Guaranty – WellStreet's Corporate Entity with Substantial Net Worth, Revenue and Profitability – Contact Agent for Additional Details
Single-Tenant Office Medical
University Hospitals Urgent Care | New 10-Year NN Lease | Infill Hard-Corner Site
Listing Price: $3,024,000
Investment Highlights
- University Hospitals Urgent Care 10-Year Double- Net Lease in Lakewood, Ohio
- Rent Commences October 2nd; Tenant's Grand Opening Slated for October 16th
- Excellent Visibility - Hard Corner Location at Signalized Intersection with Zero Setback; Combined 25,000 Vehicles per Day at Madison Ave and Warren Road
- 10 Percent Rent Increases Every Five Years of Initial Term and Options
- Tenant Pays 3 Percent Management Fee ($4,900 Annually) to Compensate for Landlord CAM Coordination
- Full Renovation and Build-Out of Former Fifth Third Bank Branch; Includes All New HVAC
- University Hospitals (UH) Operates Subject Property in Partnership with WellStreet, a 100 Plus Unit Urgent Care Management Company
- Four Winds Health, LLC Corporate Guaranty – WellStreet's Corporate Entity with Substantial Net Worth, Revenue and Profitability – Contact Agent for Additional Details
Investment Overview
Marcus & Millichap is pleased to present University Hospitals Urgent Care in Lakewood, Ohio. This location is One Half Mile from I-90 Exit Ramps at Warren Road and is a One Half Acre Site in Cleveland’s Top Infill, Middle-Class Suburb. Rent commences October 2nd; Tenant’s grand opening slated for October 16th. Four Winds Health, LLC Corporate Guaranty – WellStreet’s Corporate Entity with Substantial Net Worth, Revenue & Profitability – Contact Agent for Additional Details.
