26151 Euclid Ave., Suite 201
26151 Euclid Ave, Euclid, OH 44132
Marketing description
This 10,602 Sq. Ft. Medical Office Building at 26151 Euclid Ave, Euclid, OH 44132 is available for sale at $975,000 as a NNN Investment Opportunity with a Sale Leaseback. The property features a 5 Year Sale Leaseback with a Credited Regional Medical Tenant, NOMS Healthcare, starting on the date of the sale. NOMS Healthcare is an established, physician-owned healthcare organization serving Northern Ohio since 2000, and is one of the region's largest independent multi-specialty medical groups with 200+ providers and 140+ locations across Ohio and Pennsylvania.
The building is prominently located along Euclid Avenue with outstanding visibility along a heavily traveled corridor seeing over 13,500 vehicles daily, with convenient access to I-90 & SR-2, easy access to public transportation and major commuter routes, and is located minutes from Downtown Cleveland, University Circle, and major regional healthcare and employment hubs.
Investment highlights
- For Sale at $975,000
- CAP Rate: 8.0%, NOI: $78,000
- NNN Investment Opportunity with a Sale Leaseback
- 5 Year, Sale Leaseback with a Credited Regional Medical Tenant, NOMS Healthcare, Starting on the Date of the Sale
- True NNN Lease with No Landlord Responsibilities
- Stable Investment Opportunity with Secured Rental Income
- 10,602 Sq. Ft. Medical Office Building
- 100% Occupied 4 Suite Building with New Roof, New HVAC & New Windows
- Large on-site Parking Area in Rear with Access off of Euclid Ave & E 261st St.
- ADA-Accessible Building with Convenient Entry Points for Clients, Patients, and Employees
- Prominent Euclid Avenue Frontage with Outstanding Visibility along a Heavily Traveled Corridor seeing over 13,500 Vehicles Daily
- Convenient Access to I-90 & SR-2
- Easy Access to Public Transportation and Major Commuter Routes
- Located Minutes from Downtown Cleveland, University Circle, and Major Regional Healthcare and Employment Hubs
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