7270-7278 Cradlerock Way - Medical CONDO FOR SALE


Columbia, MD 21045- Owen Brown
$1,314,000 USD
215-603-6914
7270-7278 Cradlerock Way, Columbia, MD for Sale
$1,314,000 USD
Medical CONDO - FOR SALE
1/9
null | 7.25% Cap Rate

7270-7278 Cradlerock Way
Columbia, MD 21045
Owen Brown


HIGHLIGHTS

  • The Vet has served the area for 40+ years and is now backed by Heartland Veterinary Partners, a national operator with private equity support.
  • The property is secured by a 10-year NNN lease with 2% annual rent increases and minimal landlord responsibilities.
  • The surrounding area has 217,690 residents within 5 miles and an average household income of $174K.
  • Over 4,000 households are within 1 mile, and the nearest vet clinic is more than 2 miles away.
  • The site is located in Owen Brown Village Center, anchored by Giant Food and McDonald’s.
  • It benefits from 31,120 VPD nearby and quick access to Route 29, Route 32, and I-95.

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the Cat & Dog Hospital of Columbia, a well-established veterinary facility located at 7276 Cradlerock Way in Columbia, Maryland. This 3,000-square-foot property is strategically positioned within the Owen Brown Village Center, a high-traffic retail hub anchored by Giant Food, McDonald’s, and other local businesses. The site benefits from excellent visibility along Cradlerock Way (12,242 VPD) and nearby Brokenland Parkway (31,120 VPD), with convenient regional access to Route 29, Route 32, and I-95. The property is leased to Heartland Veterinary Partners, one of the nation’s largest and fastest-growing veterinary support organizations. Backed by private equity firm Gryphon Investors, Heartland brings financial strength and operational expertise to this mission-critical location. The corporately guaranteed lease commenced in October 2023 and includes a 10-year initial term with two 3-year renewal options and 2% annual rental increases throughout the base and option periods. The double-net structure limits landlord obligations to roof and structure, offering stable, long-term income with minimal management responsibilities. There are over 4,000 households within a 1-mile radius of the property, providing a strong, built-in customer base for veterinary services. With the next closest veterinary clinic located more than two miles away, the Cat & Dog Hospital of Columbia benefits from limited nearby competition and high neighborhood demand—reinforcing its essential role in this densely populated, pet-owning community. Offered as a fee simple condominium interest, this investment provides ownership of a single-tenant healthcare asset with an essential, recession-resistant use. The surrounding area features strong demographics, with 217,690 residents and average household incomes of $174,041 within a 5-mile radius. With a high-credit tenant, long-term lease, affluent trade area, and low-maintenance ownership structure, the Cat & Dog Hospital of Columbia represents a compelling opportunity to acquire a durable, healthcare-based investment in one of Maryland’s most desirable suburban communities.

FOR SALE DETAILS

PRICE

$1,314,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

7.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Veterinary Partners

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

8,000 SF

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

NT

APN/PARCEL ID

16-156019,16-156051

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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