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Petco 2731 S State Rd 10,900 SF Retail Building Ionia, MI 48846 $6,527,393 CAD ($598.84 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 |
$408,002
|
$37.43
|
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 | $408,002 |
| Annual Per SF | $37.43 |
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
$6,527,393 CAD
Price Per SF
$598.84 CAD
Cap Rate
6.25%
NOI
$408,002 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
- $37.43 CAD
- Triple Net
- Jul 2038
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Petco | - | 10,900 SF | $37.43 CAD | Triple Net | Jul 2038 |
NEARBY MAJOR RETAILERS
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Petco | 2731 S State Rd
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