September 30, 2024 – Matt Nadler, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Veterinary Emergency Group (“VEG”) in Columbus, Ohio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,906,250.
The Veterinary Emergency Group (“VEG”) is located at 4048 Morse Road in Columbus, Ohio. VEG has an absolute triple-net corporate ground lease with 14+ years remaining on the primary lease term with two (2), 5-year renewal options. Both the initial term and renewal options feature attractive 10% rent increases every five years. The Property is well located in the Strawberry Farms neighborhood of Columbus, Ohio. The Property is positioned at the intersection of Transit Drive and Morse Road, the area’s primary commercial corridor. The new construction building is a pad site to a Springhill Suites by Marriot and enjoys outstanding frontage and visibility. The Property is further surrounded by two other hotels (Extended Stay America and Hampton Inn & Suites), a Walmart Supercenter, and is across the street from Easton Gateway, a Costco, Whole Foods and Dick’s Sporting Goods anchored shopping center, and Easton Town Center, the area’s premier open air lifestyle center. The Property is positioned 1,000 feet from the exit 32 on/off ramp of Interstate 270, which sees more than 103,400 vehicles per day. The new construction VEG is also surrounded by densely populated residential neighborhoods providing a built-in customer base.
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.