Lovet Pets - Net Lease Property for Sale
Grand Rapids, MI
Key Investment Metrics
Price
$3,574,000
Cap Rate
6.8%
Net Operating Income
$241,224
Building Size
4232 SF
Lot Size
4,232 SF
Land Area
0.95 Acres
Remaining Term
10 years
Lease Term
10 years
Lease Type
NN+
Year Built
2025
Occupancy
100%
Tenancy
Single
Rent Increases
8% every 5 yrs
About This Lovet Pets Net Lease Property
This Lovet Pets NNN (triple net lease) property is located in Grand Rapids, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 4232 square feet of building space and was built in 2025.
With a cap rate of 6.8%, this Lovet Pets net lease property offers stable income potential. The asking price is $3,574,000, making it an attractive option for 1031 exchange investors seeking quality Lovet Pets commercial properties.
Why Invest in Lovet Pets NNN Properties?
- Stable Income: Lovet Pets net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Lovet Pets is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Grand Rapids, MI Market Overview
Located in Grand Rapids, MI, this Lovet Pets property benefits from strong local demographics and market fundamentals. The Grand Rapids area offers excellent visibility and accessibility, making it an ideal location for Lovet Pets operations and a solid investment for net lease property buyers.