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22022203

1280 Stringtown Rd, Grove City, OH 43123

MS
OH BRKP.0000221012
The Schueler Group
Listed by The Schueler Group
$5,300,000
464 days on market
Updated 110 days ago

PetSuites Grove City

Details
APN 040-014325, 040-014326
Property Type Retail
Sub Type Storefront
Square Footage 10,972
Cap Rate 5.75%
NOI $304,750
Occupancy 100%
Tenancy Single
Brand/Tenant PetSuites
Lease Type NNN
Lease Term 20
Lease Expiration 04/30/2044
Remaining Term 17.9
Rent Bumps Yes
Lease Options 5
Class B
Year Built 2024
Buildings 1
Stories 1
Acreage 0.910
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/30/2024
Occupancy Date 04/30/2024
Sale Condition 1031 exchange

PetSuites in Grove City, OH for sale near Columbus, Ohio

Marketing description

PetSuites in Grove City, Ohio, is for sale.

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 the spring of 2024. PetSuites has positioned itself 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.

Investment highlights

PetSuites in Grove City, Ohio, is for sale.

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 the spring of 2024. PetSuites has positioned itself 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.

Listing Contacts

MS
OH BRKP.0000221012
The Schueler Group
Listed by The Schueler Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$304,750.00
$25,395.83/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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