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PetSuites 5495 N Hamilton Rd 19,800 SF Retail Building Columbus, OH 43230 $4,250,000 ($214.65/SF) 7% Cap Rate
Investment Highlights
- Stable Investment – There are ±7.7 years remaining on the Absolute NNN lease with three, five-year renewal options to extend the lease.
- Recession Resistant Property – Essential pet services infrastructures are extremely sought-after investments for their resistance to downturns in the
- Dense, affluent trade area with 191,410+ residents within 5 miles and $112,000 average household income.
- Scheduled Rental Increases – The lease features 3% rental escalators every 3 years, providing a future owner with a boost in cash flow and a hedge aga
- Prime Columbus MSA location with 19,996+ VPD on N Hamilton Rd and minutes from I-270.
- Essential pet services property with strong recession resistance and zero landlord responsibilities.
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
19,800 SF
Building Class
B
Year Built
2013
Price
$4,250,000
Price Per SF
$214.65
Cap Rate
7%
NOI
$297,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.64 AC
Parking
18 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
193’ on N Hamilton Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
For 20 years, PetSuites has been the leader of the pack in pet resorts offering exceptional services for both dogs and cats, ranging from boarding and daycare to grooming and training. Our trusted team of professionals delivers memorable experiences with personalized service to meet the unique needs of each pet and Pet Parent in fun, convenient, and modern spaces. We offer premium amenities including large, open indoor and outdoor play yards, in-ground pools, and unique play structures. PetSuites is a loving and fun home away from home for your pet.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,530,520 | |
| Land Assessment | $656,330 | Total Assessment | $2,186,850 |
Property Taxes
Parcel Numbers
Land Assessment
$656,330
Improvements Assessment
$1,530,520
Total Assessment
$2,186,850
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PetSuites | 5495 N Hamilton Rd
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