NNN Medical Office
950 High Street, Wadsworth, OH 44281
For Sale
Contact for pricing
Established dental facility with corporate-backed occupancy and contractual rent growth provisions.
Property Size4,903 SF
Price / SF$419.34
Days on Market98
Property Features for 950 High Street
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Additional Details
Road Access
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Aug 4
Changed: Nov 4
Last Checked: Nov 8 at 6:38AM
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
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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 / Yr
$60,109
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
498
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
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Market
Vacancy Rate% for Office in Midwest region
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
