Property summary
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.
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6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
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