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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

Cap Rate
5.40%
Tenant Name
University Hospitals Urgent Care by WellStreet
Years Remaining On Lease
10.0
Gross SF
4,083
Guarantor
Corporate Guarantee
Rentable SF
4,083
Price/Gross SF
$740.63
Lease Type
Double Net
Rent Per Square Feet
$40.00

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.

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

Exclusively Listed By

Financing By

Single-Tenant Office Medical

University Hospitals Urgent Care | New 10-Year NN Lease | Infill Hard-Corner Site

Listing Price: $3,024,000

Cap Rate
5.40%
Tenant Name
University Hospitals Urgent Care by WellStreet
Years Remaining On Lease
10.0
Gross SF
4,083
Guarantor
Corporate Guarantee
Rentable SF
4,083
Price/Gross SF
$740.63
Lease Type
Double Net
Rent Per Square Feet
$40.00

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.

Exclusively Listed By

Financing By

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