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Midwest Dental Sale-Leaseback, Macedonia, OH

Midwest Dental Sale-Leaseback

Price $1,166,000
Cap Rate 6.50%
NOI $75,779
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Property-Related Costs, Maintenance, And Repairs
Rental Increases 5% Rental Increases In Each Option Period
Year Built 2006
Building Size 5,382 SF
Lot Size 0.82 acres (35,719.2 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #0182329

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» New 15-year lease to major national dental service provider
» Tenant is responsible for taxes, insurance, and all maintenance and repairs
» No landlord management, ideal for an out-of-area investor

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located on Valley View Road, just off East Aurora Road, which experiences a high traffic volume of 27,340 vehicles per day in front of the site
» Convenient access to Interstate 271 (60,145 vehicles per day)
» Located on Macedonia’s primary retail corridor with many national retailers nearby including Walmart, Home Depot, Lowe’s, ALDI, Target, Hobby Lobby, Kohl’s, Burlington, Best Buy, Walgreens, Chick-fil-A, Tractor Supply Company, Autozone, and many others

OUTPARCEL TO THE CROSSINGS AT NORTHWEST
» Mixed-use commercial center with a 12-story office tower, big box stores, offices, restaurants, and other retailers
» In front of Menards, which draws customers from a 20-mile radius
» Home to the busiest Raising Cane’s restaurant in the St. Louis region, which is located next to the property
» Location of Save-A-Lot’s new corporate headquarters, which houses over 3,500 employees and has a $328 million economic impact on the region

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Minutes from Downtown Akron and Cleveland
» Near several schools, including Nordonia High School (1,500+ students), Nordonia Middle School (562 students), and Twinsburg High School (1,283 students)
» 74,573 residents live within a five-mile radius



Property Description

The property is strategically located on Valley View Road, just off East Aurora Road, which experiences a high traffic volume of 27,340 vehicles per day. The property also benefits from its proximity to Interstate 271, which experiences 60,145 vehicles per day. Located in a dense retail corridor, the property is surrounded by many national retailers including Walmart, Home Depot, Lowe’s, ALDI, Target, Hobby Lobby, Kohl’s, Burlington, Best Buy, Walgreens, Chick-fil-A, Tractor Supply Company, Autozone, and many others.

The property is centrally located in Downtown Macedonia, a densely populated and affluent suburb of both Cleveland and Akron. Several schools are in the nearby area including Nordonia High School (1,500+ students), Nordonia Middle School (562 students), and Twinsburg High School (1,283 students).

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