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Waukesha, Westland & Port Huron, MI & WI

3 Property Vet Portfolio | 1 Property Available
$3,035,529

Key Information

Cap Rate
8.23%
$ per SF
$206
Tot. SF
14,675
Term Remaining
±4.71 YRS
Type
Healthcare
NOI
$249,789

Highlights

1 Property Available

  • Stable Investment: There are ±6 years remaining on the NNN Michigan leases with 2% annual increases and two, five-year options to extend the lease. The Wisconsin asset includes more than two years remaining with 3.5% annual increases and one, five-year renewal option. These leases provide predictable income and steady growth within the Detroit and Milwaukee MSAs.
  • Scheduled Rental Increases I Hedge Against Inflation: The leases feature annual rental escalators (2% to 3.5%), providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
  • Healthcare Real Estate I Recession Resistant Property: Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Tenant Investment In Location: Pet Hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.
  • Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
  • Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 938105-91 (WI) & 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203