7051 Mill Rd Brecksville, OH 44141
- Retail properties
- 5,892 SF
Current Use by Public Records
- Retail properties
Property Details for 7051 Mill Rd
- Year built
- 1950
- Property size
- 5,892 SF
- Property type
- Retail properties
Description
This 5,892 sq ft veterinary clinic in Brecksville, OH, presents a compelling investment opportunity. Currently 100% occupied by VetCor, a major US veterinary operator, the property boasts a strong 7% cap rate and a substantial NOI of $51,807. The NNN lease features a remaining term of three years with a five-year renewal option and 2% annual rent increases, providing a hedge against inflation. Built in 1950, the property is situated on a 0.30-acre lot in a high-income area (5-mile radius average household income: $114,214). The veterinary services market is projected for significant growth, further enhancing the long-term value of this investment. The asking price is $740,100, translating to $125.61 per square foot. This property offers a stable, passive income stream in a resilient industry, supported by a financially strong and established tenant with a large client base. The location in Brecksville, Ohio, offers excellent visibility and accessibility, with ample parking. The property's strong financials, coupled with the tenant's stability and market growth projections, make this an attractive investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brecksville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6274
- Latitude
- 41.3226
