Alexis Road Animal Hospital

AmeriVet - Alexis Road Animal Hospital
Toledo, OH

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AmeriVet - Alexis Road Animal Hospital

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding,  Alexis Road Animal Hospital investment property located in Toledo, Ohio. The Tenant, AmeriVet, has 3.5 years remaining in their initial term with 2 5-Year options to extend. The lease features annual rental increases of 3.25%. The lease is a double net with limited landlord responsibilities of roof, structure, and exterior, making it an ideal, low-management investment opportunity for a passive investor. AmeriVet has over 180 locations in 28 states and partners with experienced, established veterinarians looking to adapt and grow their practices and provides best-in-class operational resources to support their success.3

Location

Alexis Road Animal Hospital is strategically located on Alexis Road. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Alexis Road. It shares this busy Toledo area with businesses like Harbor Freight, Kroger, Lowe’s Home Improvement, Target, and The Home Depot. The location benefits from the frequent street traffic of Alexis Road, which sees 23,051 vehicles daily. The 5-mile trade area is supported by a population of 179,027 and 68,792 daytime employees with an average household income of $71,019.

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    Amerivet - Animal Hospital of Tiffin
    Tiffin, OH

    Amerivet - Animal Hospital of Tiffin

    Investment Highlights

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    Description

    The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Animal Hospital of Tiffin investment property located in Tiffin, Ohio. The Tenant, AmeriVet, has over 5 years remaining in their initial term with 2 (two) 5-year options to extend. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. AmeriVet has over 214 locations in 37 states nationwide.

    Location

    Animal Hospital of Tiffin is strategically located on Tiffin, Ohio. The site benefits from superior visibility via significant street frontage and a pylon sign situated along S OH-100. The location benefits from the frequent street traffic of S OH-100, which sees 4,350 vehicles daily. The 5-mile trade area is supported by a population of 24,594 and 2,677 daytime employees. Within 1 mile of the property the average household income is $127,075.

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      MedVet Hilliard

      MedVet Hilliard

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      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.

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        Austinburg Veterinary Clinic

        VetCor - Austinburg Veterinary Clinic
        Austinburg, OH

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        VetCor - Austinburg Veterinary Clinic

        Investment Highlights

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        Description

        The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Austinburg Veterinary Clinic investment property located in Austinburg, OH. The Tenant, VetCor, has over one and a half years remaining in their initial term with 3 (5-year) options to extend. The lease features annual rental increases of 2%. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. VetCor was founded in 1997 with the goal of creating a community-oriented veterinary care network and now has over 500 locations nationwide

        Location

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          West Jefferson Animal Hospital

          West Jefferson Animal Hospital
          West Jefferson, OH

          West Jefferson Animal Hospital

          Investment Highlights

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          Description

          The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership)in a NN-leased, animal hospital investment property located in West Jefferson, Ohio. The tenant, Midwest Veterinary Partners, LLC, recently signed a 10-year lease (8 years remaining) with 1 (5-year) option to extend, demonstrating their commitment to the site. The lease features 2% rental increases throughout the term, steadily growing NOI and hedging against inflation. The lease is absolute NN with landlord responsibilities limited to maintaining roof, structure, and replacing HVAC and mechanical systems. The lease is signed by Midwest Veterinary Partners LLC, operating under the name Mission Veterinary Partners, who currently has a network of over 175 animal hospitals in 27 different states.

          Location

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            Eastgate Animal Hospital

            Eastgate Animal Hospital
            Cincinnati, OH

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            Eastgate Animal Hospital

            Investment Highlights

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            Description

            The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Eastgate Animal Hospital investment property located in Cincinnati, Ohio. The tenant, PetVet Care Centers (Ohio), LLC, recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.75% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, utility lines, and fire & extended casualty coverage insurance. With more than 260 general, specialty and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owner in every community they serve. 

            Location

            Eastgate Animal Hospital is strategically located along State Highway 32, a major commuter thoroughfare averaging 21,400 vehicles passing by daily. The site benefits from its close proximity to the cloverleaf interchange of Interstate 275 (71,900 vehicles per day) and State Highway 32, two heavily trafficked highways traveling through the Cincinnati MSA. The asset is ideally situated in the heart of a dense neighborhood and is nearby to Clepper Park, a popular community park with a large grass area perfect for pet owners to walk/run their dogs. In addition, Eastgate Animal Hospital is within close proximity to a variety of national/credit tenants including Walmart Supercenter, Sam’s Club, Kohls, Michaels, Marshalls, OfficeMax, Big Lots, and more, increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The 5-mile trade area is supported by more than 121,000 residents and 52,000 daytime employees. Residents within 3 miles of the subject property boast an affluent average household income of $107,000.

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