14800 Madison Ave | Lakewood, OH 44107
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- LoopNet Team
14800 Madison Ave
Lakewood, OH 44107
University Hospitals Urgent Care | Lakewood · Retail Property For Sale
Investment Highlights
- University Hospitals Urgent Care 10-Year Double- Net Lease in Lakewood, Ohio
- Rent Commenced October 2nd; Tenant’s Grand Opening Was on October 23rd
- Full Renovation & Build-Out of Former Fifth Third Bank Branch; Includes All New HVAC
- Hyperdense, Infill, Middle-Income Location – Huge 28,800 Population and 13,000 Households in a 1-Mile Radius; $80K AHHI
- 10% Rent Increases Every 5 Years of Initial Term & Options
- Four Winds Health, LLC Corporate Guaranty – WellStreet’s Corp Entity w/ Substantial Net Worth, Revenue & Profitability – Contact Agent for Details
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built/Renovated
1924/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.52 AC
Parking
28 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 314-06-027 | Improvements Assessment | $190,050 |
| Land Assessment | $98,950 | Total Assessment | $289,000 |
PROPERTY TAXES
Parcel Number
314-06-027
Land Assessment
$98,950
Improvements Assessment
$190,050
Total Assessment
$289,000
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