Log In/Sign Up
Your email has been sent.
Petco 2731 S State Rd 10,900 SF Retail Building Ionia, MI 48846 $4,696,000 ($430.83/SF) 6.25% Cap Rate
Investment Highlights
- 2023 Build-To-Suit
- Corporate Guaranty
- 13,000+ Daily Traffic Counts
- New 15-Year Absolute NNN Lease
- 8.50% Increases Every 5-Years
- 40,000+ Population Within 10-Miles
Executive Summary
Embree Capital Markets Group is pleased to present a build-to-suit Petco locate in Ionia, MI. This is an opportunity for an investor to acquire a well-located Petco retail store with an attractive 15-year absolute NNN lease that features 8.5% rental increases every five years.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$293,529
|
$26.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $293,529 |
| Annual Per SF | $26.93 |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,900 SF
Building Class
B
Year Built
2023
Price
$4,696,000
Price Per SF
$430.83
Cap Rate
6.25%
NOI
$293,529
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.72 AC
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Petco
- -
- 10,900 SF
- $26.93
- Triple Net
- Jul 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Petco | - | 10,900 SF | $26.93 | Triple Net | Jul 2038 |
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Petco | 2731 S State Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.