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1114 E Mount Hope Ave
Lansing, MI 48910
Vet Clinic | 10 Yr Lease | 3% Annual Bumps · Retail Property For Sale
Investment Highlights
- Extremely Insulated to Economic Downturns – Pet Care spending grew during the past two economic downturns and recessions
- Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends
- Evergreen Veterinary Clinic is currently under major interior & exterior renovations, making this essentially a brand-new facility
- The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period
- Evergreen Veterinary Clinic will feature 3% rental increases annually, providing an investor with a safeguard against inflation
Property Facts
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
3,660 SF
Building Class
C
Year Built/Renovated
1973/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.39 AC
Zoning
F - Commercial - Commercial
Parking
6 Spaces (1.62 Spaces per 1,000 SF Leased)
Frontage
124’ on E Mt Hope Ave
Amenities
- Pylon Sign
- Security System
Property Taxes
| Parcel Number | 01-01-27-127-371 | Improvements Assessment | $236,700 |
| Land Assessment | $29,100 | Total Assessment | $265,800 |
Property Taxes
Parcel Number
01-01-27-127-371
Land Assessment
$29,100
Improvements Assessment
$236,700
Total Assessment
$265,800
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