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29490 Sibley Rd - Willowood Acres Veterinary Clinic 5,150 SF Health Care Building Offered at $1,022,400 at a 8.58% Cap Rate in Romulus, MI 48174
Investment Highlights
- 5-Year renewal option just exercised, extending lease through July 31, 2031
- 2% annual rental increases providing built-in rent growth and inflation hedge
- Located near Detroit Metropolitan Wayne County Airport, Michigan's busiest airport
- Only full-service veterinary hospital in Romulus with nearest competitor 10+ miles away
- Vetcor operates 900+ community-based animal hospitals throughout the U.S. and Canada
- Global veterinary services market projected to reach $263.1 billion by 2034
Executive Summary
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $1,022,400 | Building Size | 5,150 SF |
| Price Per Bed | $1,022,400 | No. Beds | 1 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.58% | Year Built | 1983 |
| Property Type | Health Care |
| Price | $1,022,400 |
| Price Per Bed | $1,022,400 |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| Property Type | Health Care |
| Building Size | 5,150 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 1983 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 75-008-99-0019-701 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $244,800 |
Property Taxes
Parcel Number
75-008-99-0019-701
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$244,800
(424) 277-6755
x3885
Contacts
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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