4928 Urmston Mdws DrLiberty Township, OH 45011

For Sale
$5,157,362.17

Luxury Pet Resort, Strong ROI, Long-Term Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 11,061-square-foot PetSuites pet resort and spa located at 4928 Urmston Mdws Dr, Liberty Township, OH 45011. The property, built in 2023, sits on a 1.913-acre lot and is currently operating at 100% occupancy under a 20-year NNN lease with a corporate guarantee. The lease commenced September 23, 2023, and includes five, five-year renewal options. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The asking price is $5,157,362.17, representing a 6.00% cap rate and a NOI of $309,441. This single-story building is zoned for retail use and strategically positioned within a thriving community of nearly 40,000 residents, boasting high-income households and minimal direct competition within a 15-minute radius. Liberty Township's robust growth trajectory further enhances the long-term value of this investment. This is a 1031 exchange eligible property. The property benefits from a strong tenant in PetSuites, providing investors with security and predictable returns. This is a rare opportunity to acquire a high-performing, newly constructed asset in a prime location.

Highlights

  • 20-year lease with five 5-year renewal options and 10% base rent increases every five years.
  • New 11,061 SF luxury pet resort built in Fall 2023.
  • Excellent location in high-income, high-density area with minimal competition within a 15-minute radius, serving a population of nearly 40,000.
  • Located in Liberty Township, a rapidly growing community with significant future development potential.

Property Details for 4928 Urmston Mdws Dr

Property type
Other retail properties, Individual retail properties
Square Feet
11,061 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
83,330 SF

Location Insight

City
Liberty Township
County
Butler
State
Ohio
Latitude
39.3894673
Longitude
-84.4551285
4928 Urmston Mdws Dr, Liberty Township, Ohio

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4928 Urmston Mdws Dr
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