2501 Norwood Ave | Norwood, OH 45212
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- LoopNet Team
2501 Norwood Ave
Norwood, OH 45212
THE PET SPOT · Retail Property For Sale
Investment Highlights
- NNN Lease – In 2015, PetSuites signed a 10-year NNN lease, presenting 0 landlord responsibilities
- Inflation-Protected Lease Structure – Attractive annual rental increases are built in throughout the base term and option periods
- E-Commerce & Recession-Resistant Property – Pet Care properties are extremely sought-after investments for their resistance to downturns in economy
- Severely Below Market Rent – PetSuites is currently paying $2.36/Foot of rent on this 74,000 SF facility, an irreplaceable rental rate for the tenant
- PetSuites Acquired by National Veterinary Associates, one of the large stand most sought-after Pet Care Operators in the United States
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
74,000 SF
Building Class
C
Year Built/Renovated
1970/2010
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
1.70 AC
Zoning
M-2, Norwood
Parking
39 Spaces (0.53 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 651-0020-0006 | Improvements Assessment | $406,431 |
| Land Assessment | $52,185 | Total Assessment | $458,616 |
PROPERTY TAXES
Parcel Number
651-0020-0006
Land Assessment
$52,185
Improvements Assessment
$406,431
Total Assessment
$458,616
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