2765 S State Route 100 - Veterinarian/Kennel FOR SALE


Tiffin, OH 44883
$599,000 USD
323-609-4405
2765 S State Route 100, Tiffin, OH for Sale
$599,000 USD
Veterinarian/Kennel - FOR SALE
1/3
null | 10.02% Cap Rate

2765 S State Route 100
Tiffin, OH 44883


HIGHLIGHTS

  • MORE THAN 5 YEARS REMAINING | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF S OH-100 | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Animal Hospital of Tiffin investment property located in Tiffin, Ohio. The Tenant, AmeriVet, has over 5 years remaining in their initial term with 2 (two) 5-year options to extend. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. AmeriVet has over 214 locations in 37 states nationwide. Animal Hospital of Tiffin is strategically located on Tiffin, Ohio. The site benefits from superior visibility via significant street frontage and a pylon sign situated along S OH-100. The location benefits from the frequent street traffic of S OH-100, which sees 4,350 vehicles daily. The 5-mile trade area is supported by a population of 24,594 and 2,677 daytime employees. Within 1 mile of the property the average household income is $127,075.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

10.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

D17000224360000

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.