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



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.
• 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
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
Tenancy
Single
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
| Parcel Number | 040-20A-06-052 | Improvements Assessment | $501,660 |
| Land Assessment | $198,350 | Total Assessment | $700,010 |
Property Taxes
Parcel Number
040-20A-06-052
Land Assessment
$198,350
Improvements Assessment
$501,660
Total Assessment
$700,010
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"AA" Cleveland Clinic: 10 Year & Huge Invest! | 780 High St
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