Lutheran Hospital/Cleveland Clinic

Short Description:
Single Tenant – New NNN, 15yr. lease – Lutheran Hospital/Cleveland Clinic – S&P Rated AA- Credit Tenant

Details
This 5,800 square foot building has recently been NNN-Leased to Lutheran Hospital, which is wholly owned by the AA- S&P rated Cleveland Clinic, with a full 15-years remaining on the initial term of their lease. Cleveland Clinic is also the largest employer in Cleveland and continually rated as one of the top hospitals in the Unites States by US News and World Report. The property is under major renovation with the following exterior capital improvements being made: new facade, new parking lot, new HVAC, new signage, all new landscaping, all new concrete, curbing and sidewalks. There is also a complete interior renovation taking place which exceeds $750,000. The subject property is located less than one mile north of Interstate 90, which is a major highway serving Greater Cleveland, and happens to be the longest Interstate Highway in the United States.