12813 Rockside Rd - Freestanding FOR SALE


Garfield Heights, OH 44125 | 
$960,750 USD
330-777-1505
12813 Rockside Rd, Garfield Heights, OH for Sale
$960,750 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

12813 Rockside Rd
Garfield Heights, OH 44125


HIGHLIGHTS

  • Attractive Rent Increases
  • Dynamic Tenant
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Recession & E-Commerce Resistant Tenant
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the stand-alone Hometown Urgent Care investment property located at 12813 Rockside Road in Garfield Heights, Ohio (the “Property”). Hometown Urgent Care has 3+ years remaining on their 10-year lease with two (2), 5-year renewal options. The lease includes attractive 2% annual rental increases throughout the initial term and renewal option periods. Hometown Urgent Care is exceptionally well positioned at the signalized intersection of Turney Road and Rockside Road, one of Garfield Heights' primary commercial and commuter corridors, and benefits from a dense surrounding residential population as well as immediate access to the area's broader employment and retail base. The property is located within the Garfield Commons retail corridor, directly adjacent to ALDI and near Marc's, Dollar Tree, Pet Supplies Plus, and numerous additional retailers and service providers. The location also provides convenient access to I-480 and I-77, connecting the property to Downtown Cleveland, Cleveland Hopkins International Airport, and major employment centers throughout Cuyahoga County. Cleveland Clinic Marymount Hospital, Highland Park, and the larger Rockside Road employment corridor are all nearby, creating a substantial daytime population in addition to the surrounding residential customer base. The combination of dense neighborhoods, major employers, grocery and retail traffic, and convenient highway access makes The Property particularly well suited for an urgent-care and occupational-health user.

FOR SALE DETAILS

PRICE

$960,750 USD

PRICE/SF

$246 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hometown Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

U-4

APN/PARCEL ID

543-22-001

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

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Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.