Ackerman Capital, LLC
Listed by ParaSell Inc, Sands Investment Group Los Angeles, Ackerman Capital, LLC
$673,552
Clarkson Eyecare - Akron, OH
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,827
Cap Rate 7.5%
NOI $50,516
Occupancy 100%
Tenancy Single
Brand/Tenant Clarkson Eyecare
Lease Type NN
Lease Term 10
Lease Expiration 05/20/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $176
Year Built 1975
Buildings 1
Acreage 2.850
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/21/2021
$673K | Eyecare Medical Office | Long-Standing Location | 7.50% | Akron, OH
Marketing description
We are pleased to exclusively offer for sale the 3,827 SF Clarkson Eyecare located at 3510 Manchester Road in Akron, OH. This offering features a well-established medical office tenant operating within a strong healthcare-driven market and serving the community with comprehensive optometry and vision services. A recent lease extension demonstrates the tenant’s continued commitment to this premier medical office location, reinforcing the stability of the investment and the strength of the site’s long-standing operating history. Positioned along Manchester Road, the property benefits from strong visibility, convenient access, and placement within a well-trafficked commercial corridor, making it an attractive and stable medical office investment opportunity.
Investment highlights
- Clarkson Eyecare, founded in 1979, is a leading provider of medical optometry services with 230+ locations across the United States. The company is part of EyeCare Partners, one of the largest vertically integrated eye-care platforms in the country with 700+ locations. EyeCare Partners is backed by Partners Group, a Switzerland-based global private markets investment manager that holds a majority stake in the platform.
- The property is located approximately 5 miles from Summa Health Barberton Campus, a 64-bed acute care hospital providing emergency services, surgical care, imaging, and specialty medical treatment to the greater Akron area. The location also benefits from its proximity to Akron General Medical Center, part of the nationally recognized Cleveland Clinic health system, one of the region’s largest healthcare providers. These major medical institutions support a strong healthcare ecosystem and consistent patient demand throughout the surrounding community.
- The property is positioned along Manchester Road (SR-93), a primary retail and commuter corridor connecting Akron and Barberton. The surrounding area features a strong mix of national retailers and grocery anchors including Giant Eagle, Walmart Supercenter, Dollar Tree, AutoZone, and Family Dollar, along with numerous quick-service restaurants and service retailers that drive consistent daily traffic. Additional nearby national tenants such as McDonald’s, Subway, Taco Bell, and Walgreens further reinforce the corridor as a key neighborhood retail destination for the surrounding residential population.
- A recent lease extension demonstrates Clarkson Eyecare's continued commitment to this premier medical office location, further reinforcing the strength of the site and its long-standing operating history.
- The property sits on a 2.85-acre parcel (124,146 SF) and includes a 3,827-SF single-tenant building, providing a significant amount of excess land relative to the current building footprint. The large site offers additional parking capacity and potential for future site expansion or redevelopment, a rare feature for single-tenant medical properties. This substantial land-to-building ratio provides long-term flexibility and enhanced underlying real estate value.
Listing Contacts
Ackerman Capital, LLC
Listed by ParaSell Inc, Sands Investment Group Los Angeles, Ackerman Capital, LLC
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$50,516.00
$4,209.67/mo
Valuation Metrics
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DSCR
7.5%
Cap Rate
7.5%
ROI
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