Technical
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Property profile

4050 Britton Pkwy Hilliard, OH 43026

OFF-MARKET
Parking lots & garages
Property ID
US66-0931375
9,496 SF 3.26 ac lot Built 1981
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly constructed, 13,687 square foot, state-of-the-art 24/7 animal emergency and specialty care hospital in Hilliard, Ohio, a suburb of Columbus. The property boasts a 15-year absolute NNN lease with MedVet Associates, LLC, a leading specialty healthcare provider for pets, commencing January 1, 2025. The lease features three 5-year renewal options and attractive 1.7% annual rent increases. The building, completed in 2024, offers advanced technology including CT, dedicated surgical suites, digital radiograph, endoscopy, and point-of-care ultrasound. Situated on a 3.26-acre lot with 72 parking spaces, the single-story building is zoned as Planned Unity Development District (PUD). The property enjoys a 100% occupancy rate, generating a strong NOI of $933,159 and a 6.00% cap rate. The asking price is $15,552,650, translating to $1,136.31 per square foot. This represents a secure, long-term investment in a rapidly growing market, anchored by a financially strong, reputable tenant with a significant presence in the Columbus metropolitan area. The property is located at 4050 Britton Pkwy, Hilliard, OH 43026, within the Columbus MSA, and benefits from its proximity to other MedVet facilities. This is a fee-simple ownership opportunity with a corporate guarantee.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1981
Total area 9,496 SF
Lot 3.26 ac (142,006 SF)
APN 050-003176
UPID US66-0931375

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4050 Britton Pkwy Hilliard, OH 43026
Hilliard metro Census 7922 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.90M

Owner & transaction history

since 2025
Last sale
$13.6M
7 recorded transactions
2025
$13.6M
2024
$1.9M
2019
Price N/A
2018
Price N/A
2017
$1.5M
2011
$900,000
2004
$2.4M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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