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1280 Stringtown Road, Grove City, OH, 43123

PetSuites

$4,881,552

Key Information

Cap Rate
6.25%
$ per SF
$455
Tot. SF
10,720
Lot Size
0.91 Acres
Year Built
2024
Type
Healthcare
NOI
$305,096

Highlights

• Offered at $4,881,552, providing investors the opportunity to acquire a newly constructed, NVA-guaranteed asset within the Columbus MSA.
• Newly constructed ±10,720 SF purpose-built PetSuites facility completed in 2024, designed to support specialized pet care services.
• Modern facility designed to accommodate pet boarding, daycare, grooming, and related services.
• Dense surrounding trade area with approximately 139,229 residents located within five miles of the property.
• Strategically located in Grove City, Ohio, within the growing Columbus metropolitan area.
• $83,546 Avg. Household Income in 5-Mile Radius — Strong surrounding household income supports consumer spending and demand for premium pet care services.
• Contractual 10% rental increases every five years provide scheduled income growth throughout the lease term.
• Lease guaranteed by National Veterinary Associates, providing additional tenant credit support and long-term stability.
• Five additional five-year renewal options provide significant potential lease duration beyond the initial term.
• Absolute NNN lease provides approximately 17.5 years of remaining contractual term and extended income visibility.
• Tenant is responsible for roof and structure, removing ownership responsibilities and future capital expenditures.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BRKP.2019005179, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113