Stonyridge Veterinary Service | NNN Leased | 6 Years
Retail | 7.75% CAP | 5,612 SqFt
Marketing description
We are 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.
Investment highlights
• Over 6 years remaining in their initial term
• Thrive Pet Healthcare has 2 5-Year options to extend
• The lease features annual rental increases of 1.5%
• 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
• Superior street visibility via significant street frontage and a large facade sign situated along Stonyridge Avenue
• Strategically located off of E Staunton Road, which averages 3,467 vehicles passing by daily
• More than 40,522 residents and over 15,796 employees support the 5-mile trade area
• Those within 5-mile of the subject property boast an affluent average household income of $107,492
• Populated business thoroughfare shared with Walgreens, Kroger, Dollar General, and Starbucks
• NNN lease with limited landlord responsibilities of foundation, structure, and roof replacement
• Ideal, low management for a passive investor
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