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2731 S State Rd
Ionia, MI 48846

$4,696,000 USD

Freestanding For Sale  •  10,900 SF

Property Details

• Property Type Freestanding
• Total Building Size 10,900 SF
• Lot Size 0.72 AC
• Building Class B
• Year Built 2023
• Cap Rate 6.25 %
• Tenancy Single

0 Transit Score

50 Walk Score

Highlights

2023 Build-To-Suit

New 15-Year Absolute NNN Lease

Corporate Guaranty

8.50% Increases Every 5-Years

13,000+ Daily Traffic Counts

40,000+ Population Within 10-Miles

Property Flyers

Ionia, MI - Petco OM2

Financial Summary (Actual)

Net Operating Income: $293,529 USD (2022)

Cap Rate:

6.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Petco	10,900 SF	7/31/2038

Amenities

• Signage

Public Transportation

Airport	Drive	Walk	Distance
Capital Region International	41 min	-	32.8 mi
Gerald R Ford International	43 min	-	32.8 mi