1935 Breton Rd SE - Veterinarian/Kennel FOR SALE


Grand Rapids, MI 49506- East Grand Rapids
$3,712,000 USD
415-690-5522
1935 Breton Rd SE, Grand Rapids, MI for Sale
$3,712,000 USD
Veterinarian/Kennel - FOR SALE
1/5
null | 6.5% Cap Rate

1935 Breton Rd SE
Grand Rapids, MI 49506
East Grand Rapids


HIGHLIGHTS

  • Lovet Pet Health Care taps into the $147 billion pet care industry, supported by steady consumer spending on pet products and services.
  • 8% rent escalations every five years across a 10-year lease with three (3) five year options
  • Net lease with tenant covering taxes, insurance, and HVAC, excluding roof, structure, and CAM (tenant reimburses Landlord)
  • Lovet Pet Health Care’s premium offerings, including grooming and specialty supplies, draw consistent customer visits in affluent markets.

OVERVIEW

Situated on Breton Rd SE with 19,170 daily vehicles, the property integrates into Grand Rapids’ retail backbone. Meijer, Target, and D&W Fresh Market nearby draw steady crowds for the five-mile population of 258,094, ensuring enduring stability. Lovet Pet Health Care manages taxes, insurance, and HVAC, excluding roof, structure, and CAM (tenant reimburses Landlord). The 10-year lease, extendable by three (3) five-year options, spans up to 25 years, with 8% rent increases every five years for reliable income. The area’s 258,094 residents include 65% pet-owning households, fueling demand for Lovet Pet Health Care’s premium products. Retail proximity enhances visibility, and the brand’s upscale focus matches local affluence. Completed in 2025, the store aligns with Lovet Pets’ operational blueprint, offering parking and efficient flow. Built with lasting materials, it minimizes upkeep costs, presenting a low-effort investment. The one-mile radius reports an average household income of $142,002, expected to reach $161,397 by 2029. A 2.48 average household size suits Lovet Pets’ family focus, with 0.12% annual population growth sustaining activity. Near Lake Michigan Dr (23,970 AADT) and Burton St SE (22,257 AADT), the site connects easily to Grand Rapids’ hub. One mile from Calvin University’s 3,364+ students and 2.5 miles from Corewell Health’s 1,200-bed hospital, it draws diverse visitors.

FOR SALE DETAILS

PRICE

$3,712,000 USD

PRICE/SF

$877 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lovet Pet Health Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

SD-NOS

APN/PARCEL ID

41-18-04-477-027

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.