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Mission Pet Health | NNN | 8.2% Cap 3 Retail Properties Offered at $3,035,529 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Stable Investment: There are ±6 years remaining on the NNN Michigan leases with 2% annual increases and two, five-year options to extend the lease
- Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for investors
- Healthcare Real Estate I Recession Resistant Property: Veterinary Hospitals are extremely sought-after investments for their resistance to downturns
- Scheduled Rental Increases I Hedge Against Inflation: The leases feature annual rental escalators (2% to 3.5%), providing a future owner with a boost
- Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period
- Tenant Investment In Location: Pet Hospitals rarely relocate due to the difficulty of retaining the same patients in a new location
EXECUTIVE SUMMARY
Broker of Record
Matt Fitzgerald
License # 938105-91 (WI) & 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 938105-91 (WI) & 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $3,035,529 | Number of Properties | 3 |
| Price / SF | $206.85 / SF | Individually For Sale | 0 |
| Cap Rate | 8.23% | Total Building Size | 14,675 SF |
| Sale Type | Investment | Total Land Area | 2.07 AC |
| Status | Active |
| Price | $3,035,529 |
| Price / SF | $206.85 / SF |
| Cap Rate | 8.23% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,675 SF |
| Total Land Area | 2.07 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1825 Pine Grove Ave, Port Huron, MI 48060 | Retail | 4,990 SF | - | - |
| 7610 N Wayne Rd, Westland, MI 48185 | Retail | 7,249 SF | 1974 | - |
| 1710 Paramount Dr, Waukesha, WI 53186 | Retail | 2,436 SF | 1983 | - |
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CONTACTS
-
Andrew Evans -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Mission Pet Health | NNN | 8.2% Cap
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