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4650 Richmond Rd
Warrensville Heights, OH 44128
Retail Property For Sale
Investment Highlights
- NNN Lease – This investment offers a potential investor a mostly passive, long-term investment for both local and national investors.
- Premier Pet Operator – Destination Pet is a leading operator of pet healthcare facilities in the U.S. with 41 veterinary hospitals
- Excellent Highway Visibility – The facility is strategically located just off the intersection of the I-271, the I-480 and the US 422
- Tenant Investment in Location – Pet service facilities rarely relocate due to difficulty retaining the same patients in a new location
- Scheduled Rental Increases – 2% annual rental increases provides a future owner with a boost in cashflow and return on their investment
- Private Equity Investment in Tenant – Private Equity investment in Destination Pets by L1, provides significant capital to expedite their expansion
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,489 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.89 AC
Zoning
U-4C2
Parking
8 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
95’ on Richmond Rd
Amenities
- Signage
Property Taxes
| Parcel Number | 763-27-003 | Improvements Assessment | $336,560 |
| Land Assessment | $67,830 | Total Assessment | $404,390 |
Property Taxes
Parcel Number
763-27-003
Land Assessment
$67,830
Improvements Assessment
$336,560
Total Assessment
$404,390
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