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6335 15 Mile Road, Sterling Heights, MI, 48312

PetSuites

$5,119,462

Key Information

Cap Rate
6.5%
$ per SF
$466
Tot. SF
10,980
Lot Size
0.67 Acres
Year Built
2025
Term Remaining
± 17.92 Years
Type
Healthcare
Occupancy
100%
NOI
$332,765

Highlights

• Offered at $5,119,462, providing investors the opportunity to acquire a recently constructed, NVA-guaranteed asset within the Detroit metropolitan area.
• Newly constructed ±10,980 SF purpose-built PetSuites facility completed in 2025.
• Modern facility specifically designed to support PetSuites’ boarding, daycare, grooming, and related services.
• Dense surrounding trade area with approximately 285,908 residents located within five miles of the property.
• Recently completed construction provides a modern operating environment tailored to PetSuites’ specialized use.
• Contractual 10% rent increases every five years provide built-in income growth throughout the lease term.
• Lease backed by National Veterinary Associates, providing institutional credit support.
• Five additional five-year renewal options provide significant potential lease duration beyond the initial term.
• Absolute NNN lease provides approximately 17.9 years of remaining contractual term.
• Tenant is responsible for roof and structure, removing ownership responsibilities and future capital expenditures.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203