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|Lease Type||Modified Gross|
|Remaining Term||6 years, 3 months|
|Tenant||University Hospitals Health System|
JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property 100% leased to University Hospitals in Ashtabula, OH. University Hospitals commenced operations in 2017 and has more than 6 years remaining on its lease, as well as two (2), five (5) year option periods.
University Hospitals is located within Ashtabula Towne Square – one of the main shopping malls in the city that features tenants such as JC Penney, Joann Fabrics, Planet Fitness, AMC Theatres, and outparcels such as Tractor Supply Co., Chipotle, Verizon, Burger King, Applebee’s and Bob Evans. The mall is situated within the signalized corner of U.S Route 20 (N Ridge Road E) and Vineland Avenue. Route 20 is home to over 21,000 vehicles per day and features a surplus of national retailers such as The Home Depot, Walmart, ALDI, CVS Pharmacy and others, further driving consumers to the area.
University Hospitals (UH) is one of the nation’s leading health care systems as well as the 2nd largest private sector employer in Northeast Ohio. UH provides patient-centered care that meets the highest standards for quality and patient safety. The subject property, known as UH Ashtabula Health Center, uses some of the most advanced equipment for outpatient diagnostic imaging and radiology.
- University Hospitals has been operating at this location since 2017 and has more than 6 years remaining on its lease with two (2), five (5) year option periods.
- Nationally recognized retailers such as The Home Depot, Walmart (Supercenter), Lowe’s, ALDI, Tractor Supply Co., Burger King, Bob Evans, Red Lobster, Applebee’s, and Mattress Firm are all located nearby, helping identify U.S. Route 20 and Ashtabula Towne Square as a shopping destination.
- Nearby schools such as Edgewood Senior High School, Braden Middle School, Ridgeview Elementary School, and Kent State University, Ashtabula campus, are home to over 4,000 students, creating a strong consumer presence all within a few miles of the Property.
- University Hospitals is Northeast Ohio’s 2nd largest private sector employer, as well as the 6th largest employer in the state (Beacon Journal). The subject property, known as UH Ashtabula Health Center, uses some of the most advanced equipment for outpatient diagnostic imaging and radiology.