Log In/Sign Up
Your email has been sent.
Petco 2731 S State Rd 10,900 SF Retail Building Ionia, MI 48846 $6,419,667 CAD ($588.96 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 2023 Build-To-Suit
- Corporate Guaranty
- 13,000+ Daily Traffic Counts
- New 15-Year Absolute NNN Lease
- 8.50% Increases Every 5-Years
- 40,000+ Population Within 10-Miles
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$401,269
|
$36.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $401,269 |
| Annual Per SF | $36.81 |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,900 SF
Building Class
B
Year Built
2023
Price
$6,419,667 CAD
Price Per SF
$588.96 CAD
Cap Rate
6.25%
NOI
$401,269 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.72 AC
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Petco
- -
- 10,900 SF
- $36.81 CAD
- Triple Net
- Jul 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Petco | - | 10,900 SF | $36.81 CAD | Triple Net | Jul 2038 |
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Petco | 2731 S State Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.