2731 S State Rd - Freestanding FOR SALE


Ionia, MI 48846
$4,696,000 USD
512-630-9758
2731 S State Rd, Ionia, MI for Sale
$4,696,000 USD
Freestanding - FOR SALE
1/1
null | 6.25% Cap Rate

2731 S State Rd
Ionia, MI 48846


HIGHLIGHTS

  • 2023 Build-To-Suit
  • New 15-Year Absolute NNN Lease
  • Corporate Guaranty
  • 8.50% Increases Every 5-Years
  • 13,000+ Daily Traffic Counts
  • 40,000+ Population Within 10-Miles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,696,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,494 SF

ZONING

-

APN/PARCEL ID

060-140-000-020-00

ASK ABOUT THIS PROPERTY

Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.