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Clarkson Eyecare- Medina, OH 409 N Court St 3,450 SF Retail Building Medina, OH 44256 $1,265,908 CAD ($366.93 CAD/SF) 7.25% Cap Rate
Investment Highlights
- The location has operated as an optometry practice serving the Medina community since 1990, originally as Medina Vision Centre.
- A recent lease extension demonstrates the tenant’s continued commitment to this premier medical office location, further reinforcing the strength.
- The property is located along North Court Street, Medina’s primary retail corridor, surrounded by a strong concentration of national retailers.
- Clarkson Eyecare, founded in 1979, is a leading provider of medical optometry services with 230+ locations across the United States.
- The property is located approximately 1.4-miles from Cleveland Clinic Medina Hospital, a 148-bed acute care facility.
- Additional national tenants including Starbucks, Chipotle, Jersey Mike’s, Aspen Dental, and Pet Supplies Plus further strengthen the corridor.
Executive Summary
We are pleased to exclusively offer for sale the 3,450 SF Clarkson Eyecare located at 409 N Court Street in Medina, OH. This offering is highlighted by a recent lease extension that demonstrates the tenant’s continued commitment to this premier medical office location, further reinforcing the strength of the site and its long-standing operating history. With an established tenant presence and a proven track record of operations, the property presents a stable and attractive investment opportunity for investors seeking reliable income from a well-positioned healthcare asset.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,450 SF
Building Class
C
Year Built
1970
Price
$1,265,908 CAD
Price Per SF
$366.93 CAD
Cap Rate
7.25%
NOI
$91,778 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.55 AC
Zoning
commercial
Parking
20 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Clarkson Eyecare
- Health Care and Social Assistance
- 3,450 SF
- $26.60 CAD
- Double Net
- May 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Clarkson Eyecare | Health Care and Social Assistance | 3,450 SF | $26.60 CAD | Double Net | May 2031 |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 028-19A-17-165 | Improvements Assessment | $224,092 CAD |
| Land Assessment | $140,532 CAD | Total Assessment | $364,624 CAD |
Property Taxes
Parcel Number
028-19A-17-165
Land Assessment
$140,532 CAD
Improvements Assessment
$224,092 CAD
Total Assessment
$364,624 CAD
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Clarkson Eyecare- Medina, OH | 409 N Court St
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