Gibraltar Veterinary Hospital

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Gibraltar Veterinary Hospital

29503 W. Jefferson Ave Gibraltar MI Wayne County

Sales Price: $1,714,285

Cap Rate: 7.00%

Lease Expiration: 6/30/2034

Contact Person(s): Jason Greenspan
Daniel Kukes
Kevin Baker
Max Lippitt
Louis Ciotti

Description:

LONG TERM LEASE

  • The Gibraltar Veterinary Hospital operates under a long term lease with scheduled 10% increases every five (5) years.

ESTABLISHED TENANT

  • Midwest Veterinary Partners, LLC is an established veterinary practice which was recently acquired by Shore Capital Partners, LLC.

WELL POSITIONED REAL ESTATE

  • The Gibraltar Veterinary Hospital sits in a well-positioned corridor with access to several different highways and roads.
  • Two miles from I-75 (63,352 CPD), the main north/south highway that runs through the state of Michigan including Detroit and its suburbs.

Building Size: 15,000 SF

Lot Size: 3.40 acres

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 4,077 29,674 79,056
Avg. HH Income: $74,997 $86,539 $88,572
Daytime Population: 741 10,149 27,868

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.