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36901 American Way Avon, OH 44011

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For Sale
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Two-building office complex, 8.15% cap rate.

Property size:
7,082 SF

Property Features for 36901 American Way

General Information

Property type
Medical Office Space
Square Feet
7,082 SF
Class
A

Building Details

Year Built
2008
Buildings
1
Stories
2
Units
3

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Listing Contact
Kyle Hartung
Kyle Hartung

Listing Agency: Goodman Real Estate Services Group LLC Listing Agent: Kyle Hartung

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents two adjacent, fee-simple office condos totaling 7,082 square feet, located at 36901 American Way, Avon, OH 44011. The property is a Class A, two-story building constructed in 2008 and features a 100% occupancy rate with two corporate tenants: Buckeye Bank and RAB Financial. Both tenants occupy their respective spaces under long-term Net Lease (NNN) agreements, providing a hands-off investment experience for the owner. The leases include annual rent increases, with Buckeye Bank's lease incorporating CPI adjustments and RAB Financial's lease featuring a 3% annual increase, ensuring a steadily growing return on investment. The blended lease term remaining is approximately six years. The property benefits from a strong location in the affluent Avon community, with convenient access to Interstate 90, attracting businesses from Lorain and Cuyahoga Counties. The building is part of a larger complex, "American Way," boasting excellent co-tenancy with notable businesses including Cleveland Clinic Family Health Center and Cleveland Eye Clinic. The asking price is $1,747,000, representing a compelling 8.15% cap rate and a $246.68 price per square foot. The property's Net Operating Income (NOI) is $142,359. The property is zoned for commercial use and offers significant depreciation benefits. This is a rare opportunity to acquire a high-performing, passively managed commercial investment with a superior rate of return.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Cleveland Clinic - Family ... Medical Clinic Cleveland Clinic - Family ... Medical Clinic Cleveland Clinic - Medical ... Medical Clinic Chris Tomshack Alternative Medicine Practice Avon Pointe Professional ... Dental Office

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Avon
County
Lorain
State
Ohio
Longitude
-82.0295845
Latitude
41.4651792

FAQs

What type of property is this?
Medical Office Space - Two-building office complex, 8.15% cap rate.
Where is this medical office space located?
The property is located at 36901 American Way Avon, OH.
What is the asking price?
The asking price for this property is $1,747,000.
What are key features of this property?
This property features: Adjacent to Cleveland Clinic medical offices.; Tenants pay annual rent increases of CPI + 3%.; Strong lease term remaining: approximately 6 years.
(216) 381-8200 Call to check price and availability
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