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Single-Tenant Office Medical

University Hospitals Urgent Care

9449 OH-14, Streetsboro, OH 44241

Listing Price: $1,564,444

Cap Rate
6.75%
Tenant Name
University Hospitals
Years Remaining On Lease
7.8
Gross SF
4,462
Guarantor
Franchisee Guarantee
Rentable SF
4,462
Price/Gross SF
$350.61
Lease Type
Double Net
Rent Per Square Feet
$23.53

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

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Single-Tenant Office Medical

University Hospitals Urgent Care

Listing Price: $1,564,444

Cap Rate
6.75%
Tenant Name
University Hospitals
Years Remaining On Lease
7.8
Gross SF
4,462
Guarantor
Franchisee Guarantee
Rentable SF
4,462
Price/Gross SF
$350.61
Lease Type
Double Net
Rent Per Square Feet
$23.53

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

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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