University Hospitals and Heartland Dental

For sale to qualified investors is the fee-simple interest in an investment-grade medical asset backed by University Hospitals Health System, Inc. (UH), and Heartland Dental, LLC, located in Avon, Ohio. This 13,802 square foot property is 100% leased to UH (10,007 SF) and Heartland Dental (3,795 SF), both of which feature corporate leases with combined annual revenue exceeding $10 Billion. Showing commitment to the location, UH recently signed a 7 year lease extension featuring rental increases during years 6 and 7, and each year during the 7 year option that follows. Similarly, Heartland Dental, who has annual CPI increases, recently acquired the local dentist in the property and is under lease through 2031. Both tenants are under triple-net leases which fully reimburse CAM, real estate tax, and insurance, in addition being responsible for their own HVAC. The property is situated in the epicenter of Avon’s commercial corridor at the signalized intersection of Chester Road and State Route 83, with over 50,000 vehicles per day. The corner location features nearby Interstate 90 access and is surrounded by other retail, office headquarters, and medical, which in recent years has propelled Avon into one of Cleveland’s top ranked suburbs. This combination of creditworthiness, tenant commitment, traffic and access, and other commercial synergy offers the investor an asset-type rarely seen on the market.