9449 State Route 14 - Freestanding FOR SALE


Streetsboro, OH 44241
$1,555,555 USD
562-257-1200
9449 State Route 14, Streetsboro, OH for Sale
$1,555,555 USD
Freestanding - FOR SALE
1/7
null | 6.75% Cap Rate

9449 State Route 14
Streetsboro, OH 44241


HIGHLIGHTS

  • Single-tenant University Hospitals Urgent Care investment
  • Three (3) renewal options providing long-term income potential
  • Lease commenced January 29, 2024 – recently executed tenancy
  • Service-based healthcare tenant in the growing urgent care sector

OVERVIEW

The opportunity consists of the fee-simple interest in a University Hospitals–affiliated urgent care facility located at 9449 OH–14 in Streetsboro, Ohio. The single-tenant medical property was constructed in 2000 and is subject to a double-net (NN) lease with approximately eight (8) years of remaining primary term, providing investors with stable, long-term income backed by a regional healthcare operator. The ownership has recently completed approximately $150,000 in capital improvements, including the installation of a brand-new roof with a 20-year warranty and a new HVAC system, materially reducing near- and mid-term capital expenditure risk. Under the NN lease structure, the tenant is responsible for taxes, insurance, and day-to-day maintenance, while ownership retains limited responsibilities, offering a balance of passive income and control. University Hospitals is a well-established, nonprofit healthcare system with a strong regional presence and a missioncritical urgent care use. The property benefits from consistent patient demand, healthcare-driven tenancy, and its location along State Route 14, a major commuter and retail corridor in the Greater Cleveland–Akron market. See rent schedule for details regarding current rent and future increases.

FOR SALE DETAILS

PRICE

$1,555,555 USD

PRICE/SF

$349 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B

APN/PARCEL ID

35-045-00-00-069-000

ASK ABOUT THIS PROPERTY

Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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