www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33298414
33298569

4137 South US 27, St Johns, MI 48879

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
RC
CA CA 01986299
Matthews
MM
CA CA 01982943
Matthews
Listed by Matthews
$800,000
3 days on market
Updated 3 days ago

St Johns Animal Clinic | 300+ Unit Operator

Details
Property Type Retail, Office
Sub Type Medical Office, Animal (+1)
Square Footage 3,000
Cap Rate 8.75%
NOI $70,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4
Lease Expiration 06/30/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options Two, 3-Year Options
Price per SqFt $266
Class A
Year Built 1974
Year Renovated 2022
Acreage 1.250
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/02/2025
Ground Lease No
Sale Condition For sale by owner

8.75% Cap | $1M+ Renovation in 2022 | Only Animal Hospital in St Johns

Investment highlights

• Full Service Veterinary Hospital | Multi-Doctor Location: St. Johns Animal Clinic is a full-service veterinary hospital offering comprehensive care for animals, including wellness exams, vaccinations, routine lab work, microchipping, spay and neuter procedures, soft tissue and orthopedic surgery, dental care, diagnostic imaging, and end-of-life services.

• Only Full-Service Animal Hospital in St Johns: St. Johns Animal Clinic is the only full-service veterinary hospital in St. Johns, Michigan, serving as the primary source of veterinary care for thousands of pet-owning households in the community. With the nearest competitor over 8 miles away and the next nearest over 15 miles, the clinic benefits from limited competition and strong local demand, making it an essential healthcare resource that pet owners in the area rely on daily.

• Over 50 Years of Trusted Service: Founded in 1974, St. Johns Animal Clinic has served the community for over 50 years, establishing itself as a trusted staple of veterinary care for pets and their families throughout the St. Johns area.

• Extensively Renovated in 2022: In 2022, the property underwent a comprehensive $1,000,000+ renovation and expansion, increasing the facility size by 1,000 square feet and expanding clinical capacity from 3 to 5 exam rooms. Improvements included a new roof, expanded concrete slab foundation, upgraded treatment and surgical areas, modernized exam rooms with integrated technology infrastructure, updated electrical and plumbing systems, resurfaced parking areas, and refreshed exterior finishes.

• Heartland Veterinary Partners Corporate Guaranty: The lease features a corporate guaranty from Heartland Veterinary Partners, one of the fastest-growing veterinary groups in the United States, operating over 300 locations nationwide.

• Affluent and Stable Community: The median household income within a 3-mile radius of the property exceeds $94,000, well above both state and national averages, reflecting a community with strong financial capacity to invest in high-quality veterinary care for their pets.

• Easy Access to Surrounding Markets: The property is situated along US-27 with direct access to US-127, connecting St. Johns to Lansing, Michigan’s state capital, just 20 miles south. Proximity to I-69, I-96, and M-21 provides strong regional connectivity, allowing the clinic to draw patients from a broad trade area across Clinton County and the surrounding communities.

• Strong Financial Backing: Heartland Veterinary Partners is backed by Gryphon Investors, a San Francisco-based private equity firm with over $10 billion in assets under management and significant experience investing in the healthcare sector, providing financial strength and stability behind the lease.

• Healthcare Real Estate | 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 difficulty retaining the same patients in a new location and the high costs associated with moving and build outs.

Listing Contacts

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
RC
CA CA 01986299
Matthews
MM
CA CA 01982943
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

0
DSCR
8.75%
Cap Rate
8.75%
ROI

Map

Zoning

Intelligence Badge
A-2 AgricultureGeneral Agriculture
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 67 uses
View all 67 uses
Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matt Fitzgerald
License
6502432668, 6505432273 (MI)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591