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Lovet Pet Health Care 1935 Breton Rd SE 4,232 SF Retail Building Grand Rapids, MI 49506 $3,574,000 ($844.52/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Lovet Pet Health Care taps into the $147 billion pet care industry, supported by steady consumer spending on pet products and services.
- Net lease with tenant covering taxes, insurance, and HVAC, excluding roof, structure, and CAM (tenant reimburses Landlord)
- 8% rent escalations every five years across a 10-year lease with three (3) five year options
- Lovet Pet Health Care’s premium offerings, including grooming and specialty supplies, draw consistent customer visits in affluent markets.
EXECUTIVE SUMMARY
Situated on Breton Rd SE with 19,170 daily vehicles, the property integrates into Grand Rapids’ retail backbone. Meijer, Target, and D&W Fresh Market nearby draw steady crowds for the five-mile population of 258,094, ensuring enduring stability. Lovet Pet Health Care manages taxes, insurance, and HVAC, excluding roof, structure, and CAM (tenant reimburses Landlord). The 10-year lease, extendable by three (3) five-year options, spans up to 25 years, with 8% rent increases every five years for reliable income.
The area’s 258,094 residents include 65% pet-owning households, fueling demand for Lovet Pet Health Care’s premium products. Retail proximity enhances visibility, and the brand’s upscale focus matches local affluence. Completed in 2025, the store aligns with Lovet Pets’ operational blueprint, offering parking and efficient flow. Built with lasting materials, it minimizes upkeep costs, presenting a low-effort investment.
The one-mile radius reports an average household income of $142,002, expected to reach $161,397 by 2029. A 2.48 average household size suits Lovet Pets’ family focus, with 0.12% annual population growth sustaining activity. Near Lake Michigan Dr (23,970 AADT) and Burton St SE (22,257 AADT), the site connects easily to Grand Rapids’ hub. One mile from Calvin University’s 3,364+ students and 2.5 miles from Corewell Health’s 1,200-bed hospital, it draws diverse visitors.
The area’s 258,094 residents include 65% pet-owning households, fueling demand for Lovet Pet Health Care’s premium products. Retail proximity enhances visibility, and the brand’s upscale focus matches local affluence. Completed in 2025, the store aligns with Lovet Pets’ operational blueprint, offering parking and efficient flow. Built with lasting materials, it minimizes upkeep costs, presenting a low-effort investment.
The one-mile radius reports an average household income of $142,002, expected to reach $161,397 by 2029. A 2.48 average household size suits Lovet Pets’ family focus, with 0.12% annual population growth sustaining activity. Near Lake Michigan Dr (23,970 AADT) and Burton St SE (22,257 AADT), the site connects easily to Grand Rapids’ hub. One mile from Calvin University’s 3,364+ students and 2.5 miles from Corewell Health’s 1,200-bed hospital, it draws diverse visitors.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,232 SF
Building Class
B
Year Built
2025
Price
$3,574,000
Price Per SF
$844.52
Cap Rate
6.75%
NOI
$241,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.95 AC
Zoning
SD-NOS
Parking
37 Spaces (8.74 Spaces per 1,000 SF Leased)
Frontage
71’ on Breton Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 41-18-04-477-027 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $310,500 |
PROPERTY TAXES
Parcel Number
41-18-04-477-027
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$310,500
CONTACTS
-
Vincent Aicale -
Russell Train -
Michael Yuras -
Ryan Forsyth -
Scott Crowle -
Cushman & Wakefield
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Lovet Pet Health Care | 1935 Breton Rd SE
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