472 E Waterloo Rd - Storefront Retail/Office FOR SALE


Akron, OH 44319
$2,452,000 USD
415-690-5522
472 E Waterloo Rd, Akron, OH for Sale
$2,452,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.15% Cap Rate

472 E Waterloo Rd
Akron, OH 44319


HIGHLIGHTS

  • Long-term net lease to WellNow Urgent Care, a rapidly expanding healthcare tenant
  • 8% rental increases every five (5) years in primary term and option periods, providing a passive long term income generator
  • WellNow’s growth-focused model has positioned the company as one of the fastest-growing providers of quality urgent care & telehealth,
  • WellNow operates more than 200 centers across New York, Illinois, Indiana, Ohio, Michigan, Pennsylvania, and Wisconsin
  • The company has continued to grow rapidly through the opening of new facilities, strategic acquisitions

OVERVIEW

This WellNow Urgent Care has a high visibility and easily accessible location at the signalized hard-corner of East Waterloo Road and Hibernian Way, with access to 24,768 vehicles per day directly in front of the site. The site is located near the intersection of Interstates 77 & 277, which experience a combined 184,654 AADT less than one-half mile southeast of the property. The location is a direct outparcel to a Giant Eagle Supermarket and shadow-anchored by South Plaza Shopping Center, a market dominant shopping center anchored by Marc’s and Big Lots that experiences 1.2 million annual visits. This site is located just three miles from The University of Akron with easy access from Interstate 77, significantly increasing foot-traffic and visibility to the site (25,177 students, 5,257 employees). The property benefits greatly from residing at the entry to Firestone Park, a historic landmark community in Akron with a population of 13,872.

FOR SALE DETAILS

PRICE

$2,452,000 USD

PRICE/SF

$721 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellNow Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-Commercial

APN/PARCEL ID

68-62226

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.