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University Hospitals Urgent Care 716 N Court St 4,500 SF Retail Building Medina, OH 44256 $3,005,000 ($667.78/SF) 7% Cap Rate
Executive Summary
- 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
- 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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built
2024
Price
$3,005,000
Price Per SF
$667.78
Cap Rate
7%
NOI
$210,340
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.80 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $572,030 | |
| Land Assessment | $114,270 | Total Assessment | $686,300 |
Property Taxes
Parcel Numbers
Land Assessment
$114,270
Improvements Assessment
$572,030
Total Assessment
$686,300
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