472 Waterloo Rd Akron, OH 44319

This exceptional investment opportunity presents a 3,506 square foot medical office building in Akron, Ohio, currently leased to WellNow Urgent Care under a 10-year net lease (commencing December 21, 2022, and expiring December 31, 2032). The property boasts a strong 6.15% cap rate and a substantial NOI of $150,758. Built in 2022, this single-tenant property sits on a 0.68-acre lot and benefits from built-in rent bumps. Its prime location at the signalized intersection of East Waterloo Road and Hibernian Way provides high visibility and accessibility, with 24,768 vehicles passing daily. The property's strategic outparcel position to a Giant Eagle Supermarket and proximity to South Plaza Shopping Center (1.2 million annual visits), and its close proximity to the University of Akron (25,177 students, 5,257 employees) further enhance its value and potential for consistent income generation. The property's location near Interstates 77 & 277 (combined 184,654 AADT) ensures excellent access and visibility. This is a 1031 exchange eligible property, offering a compelling investment opportunity for discerning buyers seeking a stable, high-performing asset in a thriving market. The property is situated within Firestone Park, a historic Akron community with a population of 13,872. WellNow Urgent Care is a rapidly expanding healthcare provider with over 200 centers across multiple states. This investment offers a passive income stream with built-in rental increases every five years throughout the primary term and option periods.