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1280 Stringtown Rd
Grove City, OH 43123
PetSuites Grove City · Retail Property For Sale
Executive Summary
This great opportunity offers investors a long-term (20 years) lease with five (5), five (5) year options to renew and fixed ten percent (10%) base rent increases every five years during the primary lease term and options.
This 10,972 square foot luxury pet resort is a new build that was completed in spring of 2024. PetSuites has positioned themselves to be among high-income and high-density households in a thriving community with very little direct competition within a fifteen minute drive.
Today, the area is known for offering a modern living and working place in a rural atmosphere. Grove City has become the hub of southwest Columbus, offering proximity to the bustling cities of Cincinnati and Dayton, while maintaining the serenity of its many acres of peaceful parkland.
This 10,972 square foot luxury pet resort is a new build that was completed in spring of 2024. PetSuites has positioned themselves to be among high-income and high-density households in a thriving community with very little direct competition within a fifteen minute drive.
Today, the area is known for offering a modern living and working place in a rural atmosphere. Grove City has become the hub of southwest Columbus, offering proximity to the bustling cities of Cincinnati and Dayton, while maintaining the serenity of its many acres of peaceful parkland.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
10,972 SF
Building Class
B
Year Built
2024
Price
$5,084,942
Price Per SF
$463.45
Cap Rate
5.75%
NOI
$292,384
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.91 AC
Frontage
100’ on Stringtown Rd
Property Taxes
| Parcel Number | 040-014325 | Improvements Assessment | $145,810 |
| Land Assessment | $202,410 | Total Assessment | $348,220 |
Property Taxes
Parcel Number
040-014325
Land Assessment
$202,410
Improvements Assessment
$145,810
Total Assessment
$348,220
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