500 Stonyridge Ave - Veterinarian/Kennel FOR SALE


Troy, OH 45373
$1,515,147 USD
323-609-4405
500 Stonyridge Ave, Troy, OH for Sale
$1,515,147 USD
Veterinarian/Kennel - FOR SALE
1/5
null | 7.75% Cap Rate

500 Stonyridge Ave
Troy, OH 45373


HIGHLIGHTS

  • MORE THAN 6 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF STONYRIDGE AVENUE | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | CORPORATE GUARANTEE | LOW MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Stonyridge Veterinary Service investment property located in Troy, Ohio. The Tenant, Thrive Pet Healthcare, has over 6 years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual increases of 1.5%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. At Thrive, they are more than simply another veterinary provider. They are a true partner in your pet’s well-being. Everything they do is done with empathy, consideration, and care. Genuine care that comes from a shared passion and universal belief that they’re more than a pet, they’re part of the family. Stonyridge Veterinary Service is strategically located on Stonyridge Avenue. The site benefits from superior visibility via significant street frontage and a facade sign situated along Stonyridge Avenue. It shares this busy Troy area with businesses like Walgreens, Kroger, Dollar General, and Starbucks. The location benefits from the street traffic of E Staunton Road, which sees 3,467 vehicles daily. The 5-mile trade area is supported by a population of 39,709 and 17,665 daytime employees with an average household income of $99,125.

FOR SALE DETAILS

PRICE

$1,515,147 USD

PRICE/SF

$322 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stonyridge Veterinary Service |NNN|6 Years

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

B-2

APN/PARCEL ID

D08106276,D08106278,D08106280

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 Notice.