1114 E Mount Hope Ave - Veterinarian/Kennel FOR SALE
Lansing, MI 48910 |
1114 E Mount Hope Ave
Lansing, MI 48910
HIGHLIGHTS
- Extremely Insulated to Economic Downturns – Pet Care spending grew during the past two economic downturns and recessions
- The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period
- Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends
- Evergreen Veterinary Clinic will feature 3% rental increases annually, providing an investor with a safeguard against inflation
- Evergreen Veterinary Clinic is currently under major interior & exterior renovations, making this essentially a brand-new facility
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Vet Clinic | 10 Yr Lease | 3% Annual Bumps
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Veterinarian/Kennel
TOTAL BUILDING SIZE
3660
STORIES
1
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
01-01-27-127-371
