4290 Lake Michigan Dr NW - Veterinarian/Kennel FOR SALE


Walker, MI 49534
$3,109,756 USD
630-430-2368
4290 Lake Michigan Dr NW, Walker, MI for Sale
$3,109,756 USD
Veterinarian/Kennel - FOR SALE
1/8
null | 6.15% Cap Rate

4290 Lake Michigan Dr NW
Walker, MI 49534


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Dynamic Tenant
  • Strong Retail Trade Area
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Lovet Pet Health Care investment property located at 4290 Lake Michigan Drive in Grand Rapids, Michigan (the “Property”). The Property was constructed in 2022, and Lovet Pet Health Care has 6+ years remaining on their lease with three (3), 5-year renewal options. The lease includes attractive rental increases every five years throughout the initial term and at the start of each renewal option period. Lovet Pet Health Care occupies a prominent location along Lake Michigan Drive, a major commercial and commuter corridor serving the west side of Grand Rapids. The Property benefits from strong frontage, excellent visibility, and positioning within an established commercial node anchored by a mix of national and local retailers, restaurants, and service-oriented businesses that generate steady daily traffic. The surrounding area is supported by densely populated residential neighborhoods, area schools, and nearby employment centers, providing a reliable and consistent customer base. In addition, the Property offers exceptional regional accessibility via Interstate 196, Interstate 96, and US Route 131, allowing for efficient connectivity throughout the Grand Rapids metropolitan area and the broader western Michigan region.

FOR SALE DETAILS

PRICE

$3,109,756 USD

PRICE/SF

$317 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lovet Pet Health Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

SDD

APN/PARCEL ID

41-13-30-201-044

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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