716 N Court St - Freestanding FOR SALE


Medina, OH 44256
$3,005,000 USD
760-930-7931
716 N Court St, Medina, OH for Sale
$3,005,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

716 N Court St
Medina, OH 44256


OVERVIEW

- 8 Years Remaining on NNN Lease with Minimal Landlord Responsibilities - Tenant maintains roof, structure and parcel, landlord responsible for roof replacement - Rare 2.5% Annual Rent Increases - Throughout base term and three, 5-year renewal options - Brand New 2024 Block Construction - 18 years remaining on 20-year manufacturer’s roof warranty - Corporate Guaranty from University Hospitals Urgent Care by WellStreet, LLC - Operating 165 clinics nationwide, including 20 locations in Ohio - University Hospitals is One of the Nation’s Leading Healthcare Systems - Partnered with WellStreet, LLC to provide urgent care management and operations systems - Global Urgent Care Centers Market Size Valued at $31.23 Billion in 2026 - Projected to grow to $51.31 billion by 2034

FOR SALE DETAILS

PRICE

$3,005,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Hospitals Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

028-19B-14-001,028-19B-14-009

ASK ABOUT THIS PROPERTY

Thomas LadtColliersMore Info
760-930-7931

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Thomas LadtColliersMore Info
760-930-7931

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