Hilliard, OH 43026

Pet Palace Sale-Leaseback

Property Address

4252 Lyman Drive, Hilliard, OH, USA

Offering Summary

  • Price: $3,975,500
  • Lot Size: 1.66 Acres
  • Cap Rate: 7.0%
  • Year Built: 2007
  • Building SF: 15,678
  • Status: Available
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  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10% Rental Increases Every 5 Years
  • Seasoned Location with Strong Historical Operating Performance and Year Over Year Growth
  • 201,577 Residents within a 5-Mile Radius - Columbus MSA
  • Growing Hilliard Trade Area - Households Projected to Increase Nearly 14% in Immediate Area Over the Next 5 Years
  • Located Along Interstate 270 (127,700 Cars/Day) - Major Connector for the Greater Columbus Area
  • 3 Miles from $375M Mixed-Use Project to Commence in 2021
  • Situated in Dense Retail Corridor - Target, The Home Depot, At Home, Dave & Buster’s, Kroger, ALDI, Giant Eagle Supermarket, and More
  • Average Household Income Exceeds $125,000 within 1 Mile of the Subject Property
  • Strong Daytime Population - 224,364 Employees in Surrounding Area

Broker Information