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Willowood Acres Veterinary Clinic 29490 Sibley Rd 5,150 SF 100% Leased Retail Building Romulus, MI 48174 $1,435,041 CAD ($278.65 CAD/SF) 8.58% Cap Rate
Investment Highlights
- 5-Year renewal option just exercised, extending lease through July 31, 2031
- 2% annual rental increases providing built-in rent growth and inflation hedge
- Located near Detroit Metropolitan Wayne County Airport, Michigan's busiest airport
- Only full-service veterinary hospital in Romulus with nearest competitor 10+ miles away
- Vetcor operates 900+ community-based animal hospitals throughout the U.S. and Canada
- Global veterinary services market projected to reach $263.1 billion by 2034
Executive Summary
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
5,150 SF
Building Class
C
Year Built
1983
Price
$1,435,041 CAD
Price Per SF
$278.65 CAD
Cap Rate
8.58%
NOI
$123,193 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
1.00 AC
Zoning
C1 - Commercial
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 75-008-99-0019-701 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $343,308 CAD |
Property Taxes
Parcel Number
75-008-99-0019-701
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$343,308 CAD
(424) 277-6755
x3885
Contacts
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Willowood Acres Veterinary Clinic | 29490 Sibley Rd
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