780 High St - Office FOR SALE


Wadsworth, OH 44281
$3,505,000 USD
440-915-7902
780 High St, Wadsworth, OH for Sale
$3,505,000 USD
Office - FOR SALE
1/7
null | 5.5% Cap Rate

780 High St
Wadsworth, OH 44281


HIGHLIGHTS

  • Single-Tenant NNN Corporately Guaranteed by High-Profile, Elite Investment Grade, and World Renown Medical Provider, Cleveland Clinic (S&P "AA")
  • Eye Popping Self-Funded Investment by Tenant into for Approximately $6.8 Million & Sales Price of $3.5 Million!! Higher Tier Location (Imaging & Lab)
  • Full 10-Years of Lease Term (Lease Commences 3/1/2026) | 2025 Ranked #2 Hospital in US, Along w/ Named No.1 for Heart Program Since 1995! (Newsweek)
  • No Daily Mgmt. Responsibilities: Tenant Handles ALL Maintenance Directly and Reimburses for Real Estate Taxes and Insurance
  • Affluent Market: Average Household Incomes $123k in 5-Miles & Directly Off Major Highway (55k VPD) & Located on Main Artery with Another 30k VPD
  • Far Below Comparable Rental Rates to Other Similar Medical/Urgent Care Facilities at Only $17/S.F. as well as Far Below Building Replacement Costs

OVERVIEW

• Single-Tenant NNN Location Corporately Guaranteed by High-Profile, Elite Investment Grade, and World Renown Medical Provider, Cleveland Clinic (S&P “AA”/Moody's Aa2) • Eye Popping Self-Funded Investment by Tenant into Space for Approximately $6.8 Million!! • Full 10-Years of Lease Term (Lease Commences 3/1/2026) • 2025 Ranked #2 Overall Hospital in the United States, Along with Being Named No.1 for Its Heart Program Since 1995! (Newsweek) • No Daily Mgmt. Responsibilities: Tenant Handles ALL Maintenance Directly and Reimburses for Real Estate Taxes and Insurance • Higher Tier Location with Upgraded Outpatient + Urgent Care Model Which Includes On-Site Imaging & Lab • Cleveland Clinic: World-Renowned and Continually Recognized by U.S. News & World Report as One of the Nation's Top Hospitals and Ohio’s Largest Employer Generating Over $18 Billion in Annual Revenue in 2025, a 10% Increase Over 2024 • Far Below Comparable Rental Rates to Other Similar Medical/Urgent Care Facilities at Only $17/S.F. • Affluent Market: Average Household Incomes $123,000+ in 5-Mile Radius • Convenient Access Directly Off Major Highway (55k VPD) & Located on Main Artery with Another Approximate 30k VPD Surrounding the Property • Proven Location/Market: Relocation Site Needed Due to Area Demand - Desirable Curb Appeal and Newly Renovated Facility to be Completed Exactly to Tenant’s Specifications/Needs • Surrounded by Complimentary Retailers, Other Favorable Medical Users, Restaurants, and Colleges/Universities • Optimal Location Nearby Major Cities Akron (~14 Miles East), Canton (~30 Miles Southeast), and Cleveland (~37 Miles North) • Strong Employment Base: Goodyear Tire & Rubber Company (~68,000+ Employees), FirstEnergy (~12,000+ Employees), Summa Health (~8,500+ Employees), Cleveland Clinic (5,700+ Physicians and Researchers Combined, Along with 20,000+ Registered Nurses), InfoCision (~4,000 Employees), & a Wide Range of Distribution and Industrial Firms Located Along the I-76 and I-71 Corridors.

FOR SALE DETAILS

PRICE

$3,505,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"AA" Cleveland Clinic: 10 Year & Huge Invest!

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

C-4

APN/PARCEL ID

040-20A-06-052

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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