PetVet Care Centers | 15161 S Dixie Hwy
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PetVet Care Centers 15161 S Dixie Hwy
3,890 SF Office Building Monroe, MI 48161 $1,109,313 ($285/SF) 7.75% Cap Rate
Investment Highlights
- Excellent Pet Market - 56.8% Household Pet Ownership
- 3% Annual Rental Increases
- Long-Term Operating History
- Located on Major Thoroughfare
- Leading Operator in Growing Industry
- No Early Termination or Kick-Out Clause
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single tenant veterinary clinic located in Monroe, Michigan.
The Property consists of .38 acres and a two-story, 3,890-square-foot veterinary clinic that was built in 1990. Situated on South Dixie Highway, the site benefits from superior visibility via significant street frontage and a dedicated monument sign. South Dixie Highway is the major thoroughfare in the area with 20,675 vehicles daily and several national retailers nearby. Monroe is located 43 miles south of Detroit and 19 miles north of Toledo, with a population of over 81,000 in a ten mile radius with an average household income of more than $92,000 along with 56.8% of households owning a pet.
The Tenant is PetVet Care Centers (Michigan), LLC d.b.a. Monroe Veterinary Clinic. The Tenant has operated at this location since 1990 and is highly committed to the site given their long-term operating history there.
In association with: Melissa Diane McKenzie - MI Lic. #6502378293
The Property consists of .38 acres and a two-story, 3,890-square-foot veterinary clinic that was built in 1990. Situated on South Dixie Highway, the site benefits from superior visibility via significant street frontage and a dedicated monument sign. South Dixie Highway is the major thoroughfare in the area with 20,675 vehicles daily and several national retailers nearby. Monroe is located 43 miles south of Detroit and 19 miles north of Toledo, with a population of over 81,000 in a ten mile radius with an average household income of more than $92,000 along with 56.8% of households owning a pet.
The Tenant is PetVet Care Centers (Michigan), LLC d.b.a. Monroe Veterinary Clinic. The Tenant has operated at this location since 1990 and is highly committed to the site given their long-term operating history there.
In association with: Melissa Diane McKenzie - MI Lic. #6502378293
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,890 SF
Building Class
C
Year Built
1990
Price
$1,109,313
Price Per SF
$285
Cap Rate
7.75%
NOI
$85,972
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,890 SF
Building FAR
0.24
Land Acres
0.38 AC
Zoning
CM
Parking
18 Spaces (4.63 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 12-160-162-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $185,150 |
PROPERTY TAXES
Parcel Number
12-160-162-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$185,150
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Scott Briggs -
Kelly Largent -
David Read -
Sarah Martin -
Northmarq
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PetVet Care Centers | 15161 S Dixie Hwy
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