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NNN Medical Office Property
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Pending

7533 Center St, Mentor, OH 44060

Freestanding healthcare facility with a separate retail structure and an absolute NNN lease in place.

Property Size7,810 SF
Lot Size1.00 Acre
Days on Market142

Property Features for 7533 Center St

General Information

Standard status Pending
Size 7,810 SF
Lot size 1.00 Acre
Property subtype Office

Additional Details

Road Access Yes

Building Details

Buildings 2
Tenancy Single
Listing Agency: Cushman & Wakefield | CRESCO Real Estate
Listed By: Alex Smith · License #OH.2018003013
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | CRESCO Real Estate

Investment Insights

Based on property information with market context.

The offering includes a freestanding 7,810-square-foot medical office building plus a separate 1,378-square-foot retail outbuilding. An absolute NNN lease with Cleveland Clinic is in place, expiring in March 2025, with a landlord termination right after November 2024. The lease assigns no landlord responsibilities.

The property occupies a 1-acre signalized corner at Mentor Avenue and Center Street in Mentor, Ohio. ODOT reports traffic of more than 40,000 vehicles per day at the location. Recent capital work includes roof replacement in 2021 and installation of two HVAC units during 2021 and 2022.

Key Highlights

  • 7,810 SF freestanding medical office building with 1,378 SF retail outbuilding
  • Absolute NNN Cleveland Clinic lease runs through March 2025
  • Landlord termination right available after November 2024

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Locksmith Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

824
Businesses Nearby

Demographics for 44060, OH

60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Freestanding healthcare facility with a separate retail structure and an absolute NNN lease in place.
Where is this nnn property located?
The property is located at 7533 Center St Mentor, OH.
What are key features of this property?
This property features: 7,810 SF freestanding medical office building with 1,378 SF retail outbuilding; Absolute NNN Cleveland Clinic lease runs through March 2025; Landlord termination right available after November 2024
More about this property
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