472 E Waterloo Rd - Storefront Retail/Office FOR SALE


Akron, OH 44319
$2,452,000 USD
818-907-9525
472 E Waterloo Rd, Akron, OH for Sale
$2,452,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.15% Cap Rate

472 E Waterloo Rd
Akron, OH 44319


HIGHLIGHTS

  • LONG TERM PASSIVE INVESTMENT Brand new 10-year net lease, with scheduled 8% rent bumps every five years
  • STRONG STABLE HEALTHCARE TENANT: Hometown Urgent Care & Occupational Health is Ohio's largest urgent care company with 32 locations across the state
  • SIGNALIZED CORNER LOCATION: Positioned at a high-visibility, signalized intersection on East Waterloo Rd, with over 24,700 vehicles per day
  • WELL-LOCATED OUTPARCEL TO GIANT EAGLE: Direct outparcel to Giant Eagle, a dominant regional grocer and shadow-anchored by South Plaza Shopping Center
  • ON MAIN THOROUGHFARE, RIGHT OFF BUSY INTERSTATE: Less than half a mile from the I-77/I-277 interchange, providing easy accessibility
  • SURROUNDED BY DENSE RESIDENTIAL: Strong consumer base in the immediate trade area

OVERVIEW

This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a Hometown Urgent Care with 7.5 years remaining on the base term, three 5-year renewal options and regular built-in rent increases. The urgent care market is rapidly expanding and Hometown is the largest urgent care provider in Ohio. HOMETOWN URGENT CARE Hometown Urgent Care & Occupational Health, founded in 1996 in Dayton, Ohio, evolved into the Midwest’s largest independent urgent care provider, operating over 30 clinics across Ohio and Michigan. In 2012, Ridgemont Equity Partners acquired a majority stake, fueling expansion through new clinic openings and acquisitions. By 2019, Hometown had grown to 33 locations and planned further expansion. In December 2020, WellNow Urgent Care acquired Hometown, nearly doubling its footprint and making it one of the top 10 urgent care providers in the U.S. The combined entities served nearly 1.5 million patients in the preceding year. WELLNOW URGENT CARE WellNow Urgent Care, founded in 2012 by Dr. John Radford, is a rapidly expanding provider of walk-in medical services, telehealth, and occupational medicine. Headquartered in Chicago, Illinois, the company operates over 200 locations across New York, Ohio, Michigan, Indiana, Illinois, and Wisconsin. As of 2024, WellNow employs approximately 1,245 individuals and reports estimated annual revenues of $470.6 million. Strategic acquisitions—including Hometown Urgent Care and Physicians Immediate Care—have bolstered its Midwest footprint. AKRON, OH The Akron metro is a major manufacturing center located approximately 30 miles southeast of Cleveland. The market is home to roughly 702,000 residents, approximately 187,000 of which are located in the city of Akron. The metro’s population has begun to stabilize as about 2,100 new residents are expected through 2028, supporting the creation of roughly 1,500 households over the same span. Akron is a resilient mid-sized city with a diversified economy, strong healthcare infrastructure, and a growing education and research sector.

FOR SALE DETAILS

PRICE

$2,452,000 USD

PRICE/SF

$721 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hometown (WellNow) Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-Commercial

APN/PARCEL ID

68-62226

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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