7051 Mill Rd, Brecksville, OH 44141

Explore a unique investment opportunity in Brecksville, Ohio, with the Bartels Pet Hospital property. This veterinary clinic investment offers excellent visibility and accessibility, strategically located at 7051 Mill Rd with ample parking and easy ingress and egress. The property is currently occupied by VetCor, one of the largest veterinary practice operators in the United States, ensuring a stable and growing income stream.
Brecksville, OH
Brecksville is a charming suburban city just 15 miles south of Cleveland. It is nestled within the scenic Cuyahoga Valley National Park, offering a unique blend of natural beauty, historic charm, and modern amenities. The Brecksville-Broadview Heights City School District is renowned for its academic excellence. The city also hosts various cultural events, including art festivals, concerts, and community theater productions, fostering a vibrant arts scene. With easy access to major highways and proximity to Cleveland Hopkins International Airport, Brecksville is convenient for commuters and travelers alike.
Property Highlights
Lease Details: The lease has 4 years remaining, with 2% annual rental increases and a 5-year option to renew.
Tenant: VetCor, the 4th largest veterinary practice operator in the US, has over 850 practices and 3,000 employees. Founded in 1997, VetCor is backed by private equity partners Harvest Partners, LP, and Cressey & Company, LP.
Building Information: The property includes a 5,892 SF building on a 0.30-acre lot, built in 1950.
Financials: Priced at $740,100 with a 7.00% cap rate and a NOI of $51,807. The price per square foot is $125.61.
Investment Benefits: This investment offers mostly passive income with a NNN lease. VetCor's established client base makes relocation challenging, providing stability. The veterinary services market is expected to grow significantly, offering a hedge against inflation.
Affluent Demographics
Brecksville boasts a 1-mile average household income of over $115,616, with a 5-mile population of 75,354 and an average household income of $114,214. This affluent demographic supports the thriving community and ensures a robust customer base for VetCor.
Future Growth
The veterinary services market is projected to grow to $142 billion by 2025, up from the current $103 billion. VetCor's expansion plans, including their recent venture into Canada, indicate continuous growth and stability for the brand.
Invest in this prime veterinary clinic property in Brecksville, Ohio, and benefit from a stable, growing income stream in the flourishing veterinary services market.