Share This Listing

Message

919 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

"AA" Cleveland Clinic: 10 Year & Huge Invest! 780 High St 11,335 SF 100% Leased Office Building Wadsworth, OH 44281 $3,505,000 ($309.22/SF) 5.50% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

  • Single-Tenant NNN Corporately Guaranteed by High-Profile, Elite Investment Grade, and World Renown Medical Provider, Cleveland Clinic (S&P "AA")
  • 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)
  • Affluent Market: Average Household Incomes $123k in 5-Miles & Directly Off Major Highway (55k VPD) & Located on Main Artery with Another 30k VPD
  • Eye Popping Self-Funded Investment by Tenant into for Approximately $6.8 Million & Sales Price of $3.5 Million!! Higher Tier Location (Imaging & Lab)
  • No Daily Mgmt. Responsibilities: Tenant Handles ALL Maintenance Directly and Reimburses for Real Estate Taxes and Insurance
  • 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

Executive Summary

• 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.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
11,335 SF
Building Class
B
Year Built/Renovated
1997/2026
Price
$3,505,000
Price Per SF
$309.22
Cap Rate
5.50%
NOI
$192,695
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
11,335 SF
Building FAR
0.15
Lot Size
1.68 AC
Zoning
C-4 - HIGHWAY INTERCHANGE COMMERCIAL DISTRICT
Parking
40 Spaces (3.53 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Signage
  • Wheelchair Accessible
  • Reception
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Cleveland Clinic: S&P "AA"
  • -
  • 11,355 SF
  • -
  • Triple Net
  • Apr 2036
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Cleveland Clinic: S&P "AA" - 11,355 SF - Triple Net Apr 2036

Property Taxes

Property Taxes

Parcel Number
040-20A-06-052
Land Assessment
$198,350
Improvements Assessment
$501,660
Total Assessment
$700,010
  • Listing ID: 39322302

  • Date on Market: 2/4/2026

  • Last Updated:

  • Address: 780 High St, Wadsworth, OH 44281

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}