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3530 Southern Blvd, Youngstown, OH, 44507

EBERT ANIMAL HOSPITAL
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Highlights

INVESTMENT HIGHLIGHTS

  • Attractive Annual Rental Increases – Rare 3% Annual Rental Increases are built in throughout the base term and option periods of the lease, providing for a strong hedge against inflation
  • Business Acquired by Mission Veterinary Partners – Subject property was acquired by Mission Veterinary Partners, one of the largest veterinary operators in the country with 300+ locations, in December of 2021 and signed a 10-year lease – showing commitment to this practice
  • E-Commerce & Recession-Resistant Property – Pet Care properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties
  • Youngstown, OH Real Estate – Subject property is located in Youngstown, OH, the 7th largest city in Ohio
  • Dense Demographics – Subject property hosts north of 12,000 residents in a 1-mile radius, 65,000 in a 3-mile radius, and 150,000 in a 5-mile radius

Location

Agents

Broker of Record

Kyle Matthews

License # REC.2020005555 (OH)
Matthews Retail Group, Inc.
2321 Rosecrans Ave., Suite 1225 El Segundo, CA 90245

Key Information

Cap Rate
6.18%
$ per SF
$209
Tot. SF
2,392
Year Built
1952
Term Remaining
±8.5 YRS
Type
Healthcare
NOI
$30,900