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6335 15 Mile Rd, 4560 Eastgate Blvd, 1280 Stringtown Rd, 4928 Urmston Meadows Dr, 8275 Darrow Rd, Sterling Heights, Cincinnati, Grove City, Liberty Township, Twinsburg, MI, OH, 48312, 45245, 43123, 45011, 44087

PetSuites Portfolio

$24,786,551

Key Information

Cap Rate
6.35%
$ per SF
$455
Tot. SF
54,500
Units
5
Term Remaining
± 17.4 Years
Type
Healthcare
NOI
$1,573,946

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.

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Location

Agents

Broker of Record

Matthew Fitzgerald, Kyle Matthews

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