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Blue River PetCare 41395 Wilcox Rd 15,676 SF Retail Building Plymouth, MI 48170 $1,161,000 ($74.06/SF) 9.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Double Net (NN) Lease
- E-Commerce & Recession-Resistant Property
- Inflation-Protected Lease Structure
- Robust Industry Growth
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Blue River PetCare located at 41395 Wilcox Road, Plymouth, MI 48170. The site consists of roughly 15,676 rentable square feet of building space on an estimated 2-acre parcel of land. This Blue River PetCare is subject to a 10-year Double Net (NN) lease, which commenced 7/10/2018. The current annual rent is $107,866 and has scheduled increases of uncapped cpi every 5 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
15,676 SF
Building Class
C
Year Built/Renovated
1997/2007
Price
$1,161,000
Price Per SF
$74.06
Cap Rate
9.29%
NOI
$107,866
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
2.00 AC
Zoning
R2A
Frontage
136’ on Wilcox Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 78-023-99-0020-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $468,700 |
PROPERTY TAXES
Parcel Number
78-023-99-0020-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$468,700
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Blue River PetCare | 41395 Wilcox Rd
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