NNN Medical Office
New
For Sale
Contact for pricing
950 High Street, Wadsworth, OH 44281
Established dental facility with corporate-backed occupancy and contractual rent growth provisions.
Property Size4,903 SF
Price / SF$419.34
Days on Market6
Property Features for 950 High Street
General Information
Standard status
Active
Size
4,903 SF
Class
A
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$154,236
Additional Details
Road Access
Yes
Building Details
Year Built
1974
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
David Hoppe · License #NC 288268
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 2:59AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This 4,903-square-foot medical office property operates as a dental facility constructed in 1974. Heartland Dental, LLC occupies the building under a corporate-guaranteed NN lease with approximately 4.2 years remaining in the primary term. Renewal options include 10% rental increases every five years, creating scheduled income growth during the option periods.
The property is located at 950 High Street along State Route 94, Wadsworth’s primary commercial corridor, which records approximately 26,600 vehicles per day. Nearby national and regional retail includes Walmart Supercenter, Aldi, Starbucks, McDonald’s, Wendy’s, and Home Depot. Wadsworth is approximately 12 miles southwest of Akron and 38 miles south of Cleveland, providing access to the broader Akron-Cleveland metropolitan area.
The property is located at 950 High Street along State Route 94, Wadsworth’s primary commercial corridor, which records approximately 26,600 vehicles per day. Nearby national and regional retail includes Walmart Supercenter, Aldi, Starbucks, McDonald’s, Wendy’s, and Home Depot. Wadsworth is approximately 12 miles southwest of Akron and 38 miles south of Cleveland, providing access to the broader Akron-Cleveland metropolitan area.
Key Highlights
- 4,903‑square‑foot medical office property constructed in 1974
- Heartland Dental, LLC occupancy under a corporate‑guaranteed NN lease
- Approximately 4.2 years of remaining primary lease term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,202,180
$1.2M
Cap Rate 7%
$858,700
$858.7K
Cap Rate 9%
$667,878
$667.9K
Market Conditions
NOI Build-Up for 4,903 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.3K $21.48/SF
− Vacancy
−$25.2K −$5.13/SF
EGI
$80.1K $16.35/SF
− OpEx
−$20.0K −$4.09/SF
NOI
$60.1K $12.26/SF
Area
Medina County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,202,180
Cap Rate 7%
$858,700
Cap Rate 9%
$667,878
Alternative Uses
Best Use
Office B
$858.7K
$751.4K – $1.00M
NOI $60,109 @ 7.0% cap · market cap 2.92%
Second Best
Healthcare Medical
$265.7K
$232.5K – $310.0K
NOI $18,600 @ 7.0% cap · market cap 0.90%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,731 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Established dental facility with corporate-backed occupancy and contractual rent growth provisions.
Where is this nnn property located?
The property is located at 950 High Street Wadsworth, OH.
What is the asking price?
The asking price for this property is $2,056,000.
What are key features of this property?
This property features: 4,903‑square‑foot medical office property constructed in 1974; Heartland Dental, LLC occupancy under a corporate‑guaranteed NN lease; Approximately 4.2 years of remaining primary lease term
