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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
Freestanding
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 FT on Oh-18 Hwy

AMENITIES

  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-00-015-000-062
Land Assessment
$24,290
Improvements Assessment
$1,040,900
Total Assessment
$1,065,190
  • Listing ID: 24612157

  • Date on Market: 12/6/2021

  • Last Updated:

  • Address: 45015 SR 18, Wellington, OH 44090

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