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PetSuites Sterling Hts 6335 15 Mile Rd 10,792 SF 4-Star Retail Building Sterling Heights, MI 48312 $5,546,083 ($513.91/SF) 6% Cap Rate
EXECUTIVE SUMMARY
This great opportunity offers investors a long-term (20 years) lease with five (5), five (5) year options to renew and fixed ten percent (10%) base rent increases every five years during the primary lease term and options.
This 10,792 square foot luxury pet resort is a new build that was completed in spring of 2025. PetSuites has positioned themselves to be among high-income and high-density households in a thriving community with very little direct competition within a fifteen-minute drive.
Today, the area is known for offering a modern living and working place in a rural atmosphere. Sterling Heights has become the hub of Detroit, offering proximity to the bustling city, while maintaining the serenity of its many acres of peaceful parkland.
This 10,792 square foot luxury pet resort is a new build that was completed in spring of 2025. PetSuites has positioned themselves to be among high-income and high-density households in a thriving community with very little direct competition within a fifteen-minute drive.
Today, the area is known for offering a modern living and working place in a rural atmosphere. Sterling Heights has become the hub of Detroit, offering proximity to the bustling city, while maintaining the serenity of its many acres of peaceful parkland.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,792 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,546,083
Price Per SF
$513.91
Cap Rate
6%
NOI
$332,765
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.67 AC
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- PetSuites
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| PetSuites | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-10-28-353-048 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $275,900 |
PROPERTY TAXES
Parcel Number
10-10-28-353-048
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$275,900
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PetSuites Sterling Hts | 6335 15 Mile Rd
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