December 15, 2021 – Luke Thomson, Steve Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Vetcor Animal Hospital in Boardman, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $921,399.
Vetcor Animal Hospital (South Mill Veterinary Clinic) is located at 8105 South Avenue in Boardman, Ohio. The South Mill Veterinary Clinic was acquired by VetCor, Inc (430+ locations) because of the site’s strong and successful performance. The tenant has occupied this site for several years and has 3.5 years remaining on their lease. The lease features attractive 2% annual rent increases throughout the base term and each of the 5-year renewal options. VetCor has a double-net lease providing an ideal, low-management investment opportunity for a passive investor. VetCor is strategically located at the intersection of South Avenue and Walker Mill Road. The property is well positioned among other healthcare sites, located between the Vibra Hospital of Mahong Valley (0.2-miles), the Greenbriar Center (0.1-miles) and the Meridian Healthcare Boardman Campus (0.3-miles). Additionally, the property enjoys close proximity to OH Route 7 and US Route 224, the area’s primary commercial corridors, and is only 1-mile from Interstate 680.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.