45015 SR 18 | Wellington, OH 44090
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45015 SR 18
Wellington, OH 44090
Wellington Veterinary Hospital · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Very Passive Lease Structure - This investment offers a potential investor a passive investment with minimal landlord responsibilities.
- Minimal Competition - The Wellington Veterinary Clinic is the only vet clinic in Wellington, OH, and services many of the surrounding areas as well.
- Extremely Insulated to Economic Downturns - Pet Care spending grew during the past two economic downturns and recessions.
- Inflation-Protected Lease Structure - Attractive 2% annual rental increases are built-in throughout the base term and option periods.
- Located On Wellington’s Main Thoroughfare - Subject property is located on E Herrick Avenue, the main road that crosses through the town of Wellington
- Private Equity Investment in Tenant - Private Equity investment in VetCor provides a large private equity backing with a strong growth outlook.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,200 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.34 AC
Parking
35 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
266’ on Oh-18 Hwy
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 18-00-015-000-062 | Improvements Assessment | $1,040,900 |
| Land Assessment | $24,290 | Total Assessment | $1,065,190 |
PROPERTY TAXES
Parcel Number
18-00-015-000-062
Land Assessment
$24,290
Improvements Assessment
$1,040,900
Total Assessment
$1,065,190
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