4928 Urmston Mdws DrLiberty Township, OH 45011

Property Details for 4928 Urmston Mdws Dr

Year built

2023

Lot size

1.91 AC

Property size (Sq ft)

11,061 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 11,061-square-foot PetSuites pet resort and spa located at 4928 Urmston Mdws Dr, Liberty Township, OH 45011. The property, built in 2023, sits on a 1.913-acre lot and is currently operating at 100% occupancy under a 20-year NNN lease with a corporate guarantee. The lease commenced September 23, 2023, and includes five, five-year renewal options. Rent increases are structured with a 10% bump every five years, ensuring consistent income growth. The asking price is $5,157,362.17, representing a 6.00% cap rate and a NOI of $309,441. This single-story building is zoned for retail use and strategically positioned within a thriving community of nearly 40,000 residents, boasting high-income households and minimal direct competition within a 15-minute radius. Liberty Township's robust growth trajectory further enhances the long-term value of this investment. This is a 1031 exchange eligible property. The property benefits from a strong tenant in PetSuites, providing investors with security and predictable returns. This is a rare opportunity to acquire a high-performing, newly constructed asset in a prime location.

Location Insight

City

Liberty Township

County

Butler

State

Ohio

Latitude

39.3895

Longitude

-84.4551

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