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500 Stonyridge Ave
Troy, OH 45373
Stonyridge Veterinary Service |NNN|6 Years · Retail Property For Sale


Investment Highlights
- MORE THAN 6 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
- STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
- EXCELLENT VISIBILITY | LOCATED OFF STONYRIDGE AVENUE | LOCATED ALONG MAJOR THOROUGHFARE
- LIMITED LANDLORD RESPONSIBILITIES | CORPORATE GUARANTEE | LOW MANAGEMENT
Executive Summary
TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Stonyridge Veterinary Service investment property located in Troy, Ohio. The Tenant, Thrive Pet Healthcare, has over 6 years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual increases of 1.5%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. At Thrive, they are more than simply another veterinary provider. They are a true partner in your pet’s well-being. Everything they do is done with empathy, consideration, and care. Genuine care that comes from a shared passion and universal belief that they’re more than a pet, they’re part of the family.
Stonyridge Veterinary Service is strategically located on Stonyridge Avenue. The site benefits from superior visibility via significant street frontage and a facade sign situated along Stonyridge Avenue. It shares this busy Troy area with businesses like Walgreens, Kroger, Dollar General, and Starbucks. The location benefits from the street traffic of E Staunton Road, which sees 3,467 vehicles daily. The 5-mile trade area is supported by a population of 39,709 and 17,665 daytime employees with an average household income of $99,125.
Stonyridge Veterinary Service is strategically located on Stonyridge Avenue. The site benefits from superior visibility via significant street frontage and a facade sign situated along Stonyridge Avenue. It shares this busy Troy area with businesses like Walgreens, Kroger, Dollar General, and Starbucks. The location benefits from the street traffic of E Staunton Road, which sees 3,467 vehicles daily. The 5-mile trade area is supported by a population of 39,709 and 17,665 daytime employees with an average household income of $99,125.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,712 SF
Building Class
C
Year Built
1975
Price
$1,619,640
Price Per SF
$343.73
Cap Rate
7.25%
NOI
$117,424
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.72 AC
Zoning
B-2
Parking
35 Spaces (6.24 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Numbers | Improvements Assessment | $129,500 | |
| Land Assessment | $83,030 | Total Assessment | $212,530 |
Property Taxes
Parcel Numbers
Land Assessment
$83,030
Improvements Assessment
$129,500
Total Assessment
$212,530
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