MedVet - MedVet Hilliard
- Price: $1,572,413
- Cap Rate: 7.25%
- Years Remaining: 3.5
- Rentable Area: 4,830 SF
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MedVet Hilliard
Investment Highlights
- Sales Price: $1,572,413
- Cap Rate: 7.25%
- Years Remaining: 3.5
- Lot Size: 1 Acres
- Market: Hilliard, OH
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, MedVet Hilliard investment property located in Hilliard, Ohio. The Tenant, MedVet, has 3.5 years remaining in their term with 2 3-Year options to extend. The lease features 10% increases every term. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. MedVet is a leading provider of advanced veterinary healthcare services for pets throughout the United States. Founded in 1988, their mission is to enhance the lives of pets and their families by providing the highest quality specialty and emergency care.
Location
Hilliard MedVet is strategically located on Renner Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Renner Road. It shares this busy Hilliard area with businesses like McDonalds, Kohls, Walmart and Aldi. The location benefits from the frequent street traffic of Renner Road, which sees 14,289 vehicles daily. The 5-mile trade area is supported by a population of 209,574 and 88,888 daytime employees with an average household income of $100,755.
