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8275 Darrow Road, Twinsburg, OH, 44087

PetSuites

$4,777,708

Key Information

Cap Rate
6.5%
$ per SF
$442
Tot. SF
10,800
Lot Size
2.99 Acres
Year Built
2023
Term Remaining
± 16.97 Years
Type
Healthcare
NOI
$310,551

Highlights

• Offered at $4,777,708, providing investors the opportunity to acquire a recently constructed, NVA-guaranteed asset within the Cleveland MSA.
• Modern ±10,800 SF purpose-built PetSuites facility completed in 2023, 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 82,852 residents located within five miles of the property.
• Strategically located in Twinsburg, Ohio, within the greater Cleveland metropolitan area.
• Recently completed construction provides a specialized operating environment tailored to PetSuites’ 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.
• Long-term NNN lease provides approximately 16.97 years of remaining contractual term and extended income visibility.

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