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34417165
34416639

29490 Sibley Road, Romulus, MI 48174 For Sale

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA CA 01986299
Matthews
Listed by Matthews
$1,022,400
1 day on market
Updated 1 day ago

Willowood Acres Veterinary Clinic | 900+ Unit Operator

Details
Property Type Retail, Office (+1)
Sub Type Pet, Animal hospital (+1)
Square Footage 5,150
Cap Rate 8.58%
NOI $87,769
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 07/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 1, 5-Year
Price per SqFt $199
Class A
Year Built 1983
Year Renovated 2014
Buildings 1
Acreage 0.670
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/2026
Ground Lease No
Sale Condition For sale by owner

5 Year Renewal Option Just Exercised | 8.58% Cap | 2% Annual Escalators | 40+ Year Operating History

Investment highlights

• 5 Year Renewal Option Just Exercised: The tenant has just exercised one of its 5-year renewal options, extending the lease term through July 31, 2031. This renewal reflects the tenant’s long-term commitment to the location and its confidence in the hospital’s continued success.

Full Service Veterinary Hospital | Multi-Doctor Location: Willowood Acres Veterinary Clinic offers comprehensive care for dogs and cats, including preventive and wellness care with vaccinations, dental care, surgery, diagnostics, nutrition counseling, microchipping, health certificates, an in-house pharmacy, pet boarding, and emergency care.

• Only Full-Service Veterinary Hospital Within a 10-Mile Radius: Willowood Acres Veterinary Clinic is the only full-service veterinary hospital in Romulus, MI, serving as the primary source of veterinary care for thousands of pet-owning households in the community. With the nearest competitor over 10 miles away, 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 40 Years of Trusted Service: Founded in 1983, Willowood Acres Veterinary Clinic has served the community for over 40 years, establishing itself as a trusted staple of veterinary care for pets and their families throughout the Romulus area.

• Built-In Rent Growth: The lease features 2% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

• Anchored by Michigan’s Largest Airport & Logistics Hub: The property is located in Romulus, home to Detroit Metropolitan Wayne County Airport (DTW), Michigan’s busiest airport and the city’s largest employer. The surrounding corridor has drawn major investment, including Amazon’s ±850,000-square-foot fulfillment center just ±2.8 miles away. This concentration of employment sustains a stable base of working households and a reliable source of veterinary demand across the trade area.

• Strong Regional Connectivity: Interstates 94 and 275 run directly through Romulus, with I-275 forming the western bypass of Detroit and converging with I-94 within the city. The property sits within 23 miles of downtown Detroit and 22 miles of Ann Arbor, giving the clinic a wide patient base across western Wayne County and the Downriver communities.

• Leading National Veterinary Platform: Vetcor is one of the largest and most established veterinary operators in North America, supporting a network of over 900 community-based animal hospitals throughout the U.S. and Canada.

• 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.

• Robust Industry Growth: The global veterinary services market, valued at $156.5 billion in 2025, is projected to reach $263.1 billion by 2034, growing at a compound annual rate of 5.94%.

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,769.00
$7,314.08/mo

Valuation Metrics

0
DSCR
8.58%
Cap Rate
8.58%
ROI

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Additional Information

Name
Matt Fitzgerald
License
6502432668, 6505432273 (MI)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
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.
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