Log In/Sign Up
Your email has been sent.
9449 State Route 14 4,462 SF Retail Building Streetsboro, OH 44241 $1,555,555 ($348.62/SF) 6.75% Cap Rate
Investment Highlights
- Single-tenant University Hospitals Urgent Care investment
- Lease commenced January 29, 2024 – recently executed tenancy
- Three (3) renewal options providing long-term income potential
- Service-based healthcare tenant in the growing urgent care sector
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,462 SF
Building Class
B
Year Built
2000
Price
$1,555,555
Price Per SF
$348.62
Cap Rate
6.75%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.40 AC
Zoning
B - Business
Parking
80 Spaces (17.93 Spaces per 1,000 SF Leased)
Frontage
58’ on Oh-14 Hwy
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-045-00-00-069-000 | Improvements Assessment | $309,720 |
| Land Assessment | $214,200 | Total Assessment | $523,920 |
Property Taxes
Parcel Number
35-045-00-00-069-000
Land Assessment
$214,200
Improvements Assessment
$309,720
Total Assessment
$523,920
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
9449 State Route 14
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.