1568 1568 State Route 45 - Storefront Retail/Residential FOR SALE


Austinburg, OH 44010
$442,100 USD
323-609-4405
1568 1568 State Route 45, Austinburg, OH for Sale
$442,100 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 9.6% Cap Rate

1568 1568 State Route 45
Austinburg, OH 44010


HIGHLIGHTS

  • 1 AND A HALF YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF CENTER ROAD | LOCATED ALONG A CENTRAL STRIP
  • NO COMPETITION IN A 5 MILE RADIUS | NATIONAL TENANTS IN THE SURROUNDING SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

We are pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Austinburg Veterinary Clinic investment property located in Austinburg, OH. The Tenant, VetCor, has over one and a half years remaining in their initial term with 3 (5-year) options to extend. The lease features annual rental increases of 2%. The lease is a double net with limited landlord responsibilities, making it an ideal, lowmanagement investment opportunity for a passive investor. VetCor was founded in 1997 with the goal of creating a community-oriented veterinary care network and now has over 500 locations nationwide. Austinburg Veterinary Clinic is strategically located on Center Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Center Rd. It shares this area of Austinburg with national tenants just up Center Road like Dunkin’, Family Dollar, Waffle House, and McDonald’s. The location benefits from the frequent street traffic of Center Road, which sees over 4,000 vehicles daily. The 5-mile trade area is supported by a population of 11,685 and 5,720 daytime employees with an average household income of $71,998.

FOR SALE DETAILS

PRICE

$442,100 USD

PRICE/SF

$89 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Austinburg Veterinary Clinic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,832 SF

ZONING

-

APN/PARCEL ID

070080001600

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.