4085 N. River Road NE, Warren, OH, 44484
HOWLAND COMMUNITY ANIMAL HOSPITALyes
Photos



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
- Residential Area – The subject property hosts over 11,000 households within a 3-mile radius. The clinic is located across the street from the Shepherd of the Valley Senior Living Facility, and less than 0.5 miles from the Spring Run Condominiums
- Proximity to Medical Tenants – Subject property is located across the street from the Eye Care Associates facility, and less than a mile to Mercy Health – Howland Urgent Care
- Streamlined Expansion – Mission Veterinary Partners expands by acquiring existing veterinary and pet care businesses that are already successful and established within the community. This allows them to grow their footprint across new markets and states
Location
Agents
Broker of Record
Kyle B Matthews
License # REC.2020005555 (OH)Matthews Real Estate Investment Services2321 Rosecrans Ave, Suite 1225, El Segundo, CA 90245
Key Information
Cap Rate
6.18%
$ per SF
$235
Year Built
2003
Term Remaining
±8.5 Years
Type
Healthcare
NOI
$35,844