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PetSuites Portfolio

PetSuites Portfolio

$24,786,551

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Highlights

• Five purpose-built PetSuites facilities positioned across major Ohio and Michigan markets.
• Approximately 54,500 SF of purpose-built pet care real estate across Ohio and Michigan.
• PetSuites leases are guaranteed by National Veterinary Associates, providing institutional credit support across the portfolio.
• Five assets collectively generate approximately $1.57 million in annual net operating income.
• Strategically located across the Cleveland, Cincinnati, Columbus, and Detroit metropolitan areas.
• Portfolio properties were constructed between 2023 and 2025, providing investors with modern facilities and limited near-term capital needs.
• Specialized pet care facilities designed to support boarding, daycare, grooming, and related services.
• Contractual 10% rent increases every five years provide built-in income growth throughout the lease term.
• Tenant is responsible for roof and structure which reduces landlord obligations.
• Each property includes five additional five-year renewal options, providing significant long-term tenancy optionality.
• Long-term NNN leases provide durable tenancy and extended contractual income across all five properties.
• Extended remaining lease terms, contractual rent increases, and renewal options provide investors with a predictable long-term income profile.

Location

Agents

Broker of Record

Matthew Fitzgerald, Kyle Matthews

License # License # 6502432668 (MI), BRKP.2019005179 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113

Key Information

Cap Rate
6.35%
$ per SF
$455
Tot. SF
54,500
Units
5