Single-Tenant Office Medical
University Hospitals Urgent Care
9449 OH-14, Streetsboro, OH 44241
Listing Price: $1,564,444
Investment Overview
The opportunity consists of the fee-simple interest in a University Hospitals–affiliated urgent care facility located at 9449 OH–14 in Streetsboro, Ohio. The single-tenant medical property was constructed in 2000 and is subject to a double-net (NN) lease with approximately eight (8) years of remaining primary term, providing investors with stable, long-term income backed by a regional healthcare operator.
The ownership has recently completed approximately $150,000 in capital improvements, including the installation of a brand-new roof with a 20-year warranty and a new HVAC system, materially reducing near- and mid-term capital expenditure risk. Under the NN lease structure, the tenant is responsible for taxes, insurance, and day-to-day maintenance, while ownership retains limited responsibilities, offering a balance of passive income and control.
University Hospitals is a well-established, nonprofit healthcare system with a strong regional presence and a missioncritical urgent care use. The property benefits from consistent patient demand, healthcare driven tenancy, and its location along State Route 14, a major commuter and retail corridor in the Greater Cleveland–Akron market. See rent schedule for details regarding current rent and future increases.
Investment Highlights
- Single-tenant University Hospitals Urgent Care investment
- Seller put in approximately 150K into the property
- Brand New Roof w/20 Year Warranty
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Listing Price: $1,564,444
Investment Highlights
- Single-tenant University Hospitals Urgent Care investment
- Seller put in approximately 150K into the property
- Brand New Roof w/20 Year Warranty
Investment Overview
The opportunity consists of the fee-simple interest in a University Hospitals–affiliated urgent care facility located at 9449 OH–14 in Streetsboro, Ohio. The single-tenant medical property was constructed in 2000 and is subject to a double-net (NN) lease with approximately eight (8) years of remaining primary term, providing investors with stable, long-term income backed by a regional healthcare operator. The ownership has recently completed approximately $150,000 in capital improvements, including the installation of a brand-new roof with a 20-year warranty and a new HVAC system, materially reducing near- and mid-term capital expenditure risk. Under the NN lease structure, the tenant is responsible for taxes, insurance, and day-to-day maintenance, while ownership retains limited responsibilities, offering a balance of passive income and control. University Hospitals is a well-established, nonprofit healthcare system with a strong regional presence and a missioncritical urgent care use. The property benefits from consistent patient demand, healthcare driven tenancy, and its location along State Route 14, a major commuter and retail corridor in the Greater Cleveland–Akron market. See rent schedule for details regarding current rent and future increases.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division