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Views: 114 DOM: 234 Updated: 09.06.24 Posted: 05.02.24 Status: Active

Summary

Price $740,100
Built/Renov 1950
Tenant VetCor | Bartels Pet Hospital
Cap Rate 7.00%
Lease Type NN+
Guarantor Corporate
Size/SF 5,892
Lease Start 11-07-2022
#Units 862
Price/SF $125.61
Expiration 11-06-2027
Tenant Type Medical/Health
NOI $51,807
R. Term 2.10
Ownership Fee Simple
Rent/SF $8.79
Increases 2.0%/1/yrs
Pop 5Mi 484,101
Lot/AC 0.30
Options 1/5yrs/2%
AHHI 5Mi $114,214

Lease Highlights

  • VetCor has 3+ years remaining on the current lease term with 1 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

VetCor is strategically located at the signalized, hard corner intersection of Brecksville Road and Mill Road, with access to a combined daily traffic count of 14,500 vehicles. The surrounding area features well-known national tenants such as Walgreens, Starbucks, Fifth Third Bank, Shell, Sherman Williams, and more. The 5-mile trade area is supported by a population of 484,101 residents with...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: VetCor
  • Guarantor:Corporate
  • Company:VetCor Group Holdings Corp
  • # Units:862
  • Stock:Private

About Tenant

VetCor is one of the largest veterinary services providers in North America. The private company partners with local veterinary clinics and streamlines all administrative, operational, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,819 23,731 73,696
2023 Total Population : 2,866 23,990 74,901
2023 Employed Civilian Pop : 1,460 12,454 39,807
2023 Total Businesses : 193 1,167 2,739
2023 Average Household Income : $ 129,426 $ 155,115 $ 136,287
2023 Total Consumer Spending : $ 142 M $ 1248 M $ 3577 M
2023 Median Age : 53 50 49
2023 Total Households : 1,303 9,552 30,922
2023 Pop Age 25+: Bachelor's Degree : 700 6,193 16,832
2023 Average Home Value : $ 324,512 $ 357,023 $ 315,315
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Brecksville Rd Mill Rd 2003 13,400 0.04 mi
Mill Rd Brecksville Rd 2003 3,750 0.05 mi
Brecksville Rd Mill Rd 2000 16,897 0.06 mi
Brecksville Rd Stadium Dr 2013 10,526 0.18 mi
E Royalton Rd Packard Ct 2003 16,300 0.19 mi
Chippewa Rd Brecksville Rd 2009 13,530 0.21 mi
Brecksville Rd Chippewa Rd 2013 14,452 0.23 mi
Highland Dr E Royalton Rd 2003 3,300 0.36 mi
Mill Road Brecksville Rd 2019 5,220 0.45 mi
Mill Road Whitewood Rd 2021 5,047 0.45 mi

Listing Broker

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