9695 Basil Western Rd NW - Veterinarian/Kennel FOR SALE


Canal Winchester, OH 43110
$11,333,333 USD
858-367-5450
9695 Basil Western Rd NW, Canal Winchester, OH for Sale
$11,333,333 USD
Veterinarian/Kennel - FOR SALE
1/4
null | 6% Cap Rate

9695 Basil Western Rd NW
Canal Winchester, OH 43110


HIGHLIGHTS

  • New 15-year absolute NNN lease with MedVet Associates LLC (corporate/parent company) with 1.7% annual base rent increases
  • State-of-the-art, 24/7 animal emergency and specialty care hospital, built-to-suit for MedVet with completion in December 2024
  • MedVet is a leading specialty healthcare provider for pets, with 37 emergency and specialty hospitals nationally, & a growing network of new locations
  • Hospital offers 24-hour emergency medicine and specialty care, as well as specialty services including CT, dedicated surgical suites, and more
  • Located immediately northwest of Columbus, Ohio, the 32nd largest MSA in the United States with a population exceeding 2.18 million

OVERVIEW

The MedVet Columbus-Diley Hill 24/7 Animal Emergency and Specialty Care Hospital is a newly constructed, build-to-suit facility providing 24-hour emergency and specialty care for pets located in Canal Winchester, Ohio, a Columbus suburb located to the immediate southeast of the city. This state-of-the-art hospital offers advanced technology and imaging equipment to ensure quality care, including CT, dedicated surgical suites, digital radiography, endoscopy, and point-of-care ultrasound. MedVet Columbus-Diley Hill is 100% leased for a 15-year term with a projected commencement date of December 1, 2024, with three 5-year renewal options and 1.7% annual rent increases throughout the primary term and option periods. The lease includes an absolute NNN structure, with zero landlord responsibilities, and is leased to MedVet Associates, LLC, the corporate/parent entity of MedVet. The new MedVet facility in Canal Winchester, known as the Diley Hill hospital, was developed as a rare, same-site build-to-suit project, relocating existing MedVet services to a new premises on the existing MedVet site. Following completion of the new building in January 2025, the prior facility will be demolished and become part of an expanded parking area. The new replacement Diley Hill MedVet hospital provides a long-term home that meets the tenant’s needs for best-in-class delivery of “The MedVet Experience” with focus on delivering exceptional care and experiences to patients, clients, referral partners, and caregivers. MedVet is a leading specialty healthcare provider for pets, founded and headquartered in Columbus (Worthington), Ohio since 1988, with 37 emergency and specialty hospitals located throughout the United States and a growing network of new locations planned and under development. The new 24/7 emergency and specialty care hospital in Diley Hill is one of four MedVet care locations surrounding the Columbus area, along with Hilliard (24/7 emergency), New Albany (emergency), and Worthington (multi-specialty hospital). With Diley Hill and Hilliard each relocating to new build-to-suit facilities in 2025 and New Albany having relocated into new space in 2024, MedVet has continued to invest in their footprint in the Columbus market area, ensuring long-term, premier market positioning.

FOR SALE DETAILS

PRICE

$11,333,333 USD

PRICE/SF

$2,698 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MedVet | 24/7 Animal Hospital

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

2.56 AC

LAND SF

111,514 SF

ZONING

M-2

APN/PARCEL ID

03-70211-921,03-70211-927

ASK ABOUT THIS PROPERTY

Kari FiskeGOVT Real Estate GroupMore Info
858-367-5450

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Kari FiskeGOVT Real Estate GroupMore Info
858-367-5450

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