26151 Euclid Ave - Medical FOR SALE


Euclid, OH 44132
$975,000 USD
216-406-0476
26151 Euclid Ave, Euclid, OH for Sale
$975,000 USD
Medical - FOR SALE
1/12
null | 8% Cap Rate

26151 Euclid Ave
Euclid, OH 44132


HIGHLIGHTS

  • NNN lease structure with no landlord responsibilities for true passive ownership.
  • Fully occupied by NOMS Healthcare under a long-term 5-year leaseback.
  • Minutes from Downtown Cleveland, University Circle, and major regional healthcare hubs.
  • Highly visible Euclid Avenue frontage with daily traffic counts exceeding 13,500 vehicles.

OVERVIEW

This 10,602-square-foot medical office in Euclid, Ohio, presents a stable and fully occupied NNN investment opportunity anchored by a 5-year sale leaseback with a well-established regional medical tenant, NOMS Healthcare. The property offers investors a turnkey acquisition with zero landlord responsibilities, delivering predictable returns with an 8.0% cap rate and $78,000 NOI. Recent capital improvements, including a new roof, updated HVAC systems, and new windows, enhance long-term operational security. Positioned along the heavily traveled Euclid Avenue corridor, the building benefits from high visibility and direct frontage exposure to over 13,500 vehicles per day. Its location offers easy access to major routes, including I-90 and SR-2, and provides seamless connectivity to public transportation networks. Situated minutes from Downtown Cleveland, University Circle, and several leading healthcare institutions, this property is ideally positioned for sustained tenant stability and strong rental performance. With ADA-compliant entry points, ample rear parking, and proximity to significant employment hubs, the property combines functionality, accessibility, and income security for discerning investors.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northeast Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,380 SF

ZONING

U4

APN/PARCEL ID

648-23-007

ASK ABOUT THIS PROPERTY

Patrick DowdSequoia Realty Corp.More Info
216-406-0476

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Patrick DowdSequoia Realty Corp.More Info
216-406-0476

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