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This exceptional investment opportunity presents a newly constructed, 13,687 square foot, state-of-the-art 24/7 animal emergency and specialty care hospital in Hilliard, Ohio, a suburb of Columbus. The property boasts a 15-year absolute NNN lease with MedVet Associates, LLC, a leading specialty healthcare provider for pets, commencing January 1, 2025. The lease features three 5-year renewal options and attractive 1.7% annual rent increases. The building, completed in 2024, offers advanced technology including CT, dedicated surgical suites, digital radiograph, endoscopy, and point-of-care ultrasound. Situated on a 3.26-acre lot with 72 parking spaces, the single-story building is zoned as Planned Unity Development District (PUD). The property enjoys a 100% occupancy rate, generating a strong NOI of $933,159 and a 6.00% cap rate. The asking price is $15,552,650, translating to $1,136.31 per square foot. This represents a secure, long-term investment in a rapidly growing market, anchored by a financially strong, reputable tenant with a significant presence in the Columbus metropolitan area. The property is located at 4050 Britton Pkwy, Hilliard, OH 43026, within the Columbus MSA, and benefits from its proximity to other MedVet facilities. This is a fee-simple ownership opportunity with a corporate guarantee.
Highlights
15-Year Absolute NNN Lease with 1.7% annual rent increases, commencing January 2025, with MedVet Associates LLC.
New 24/7 state-of-the-art animal emergency and specialty care hospital, built-to-suit for MedVet, completing January 2025.
MedVet, a leading specialty pet healthcare provider with 37 national locations and expanding.
24-hour emergency and specialty care hospital featuring CT, surgical suites, digital radiography, endoscopy, and point-of-care ultrasound.
Located northwest of Columbus, OH (32nd largest MSA, population >2.18 million), near MedVet headquarters and other key facilities.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.