Kelly Veterinary Clinic — Sale in Adrian, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Adrian, MI 49221

Investment Figures

Cap rate
9.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the compelling, single-tenant net-leased investment opportunity located at 4108 South Adrian Highway in Adrian, Michigan. The tenant is backed by Encore Vet Group, an established veterinary network operator with a strong national footprint. Currently, Encore Vet Group operates more than 55 animal hospitals across the United States, providing investors with the security of an experienced and well-capitalized operator. The property is secured by a double-net (NN) lease, promising minimal landlord responsibilities, and is further strengthened by a multi-unit subsidiary guarantee from all Encore animal hospitals in Michigan. Notably, the lease structure includes scheduled 2 percent annual rent increases, ensuring steady income growth and protection against inflation over the hold period. From an investment perspective, this asset benefits from strong industry fundamentals. Pet industry expenditure exceeds $136 billion, underscoring the resilience and recession-resistant nature of veterinary and pet care services. Demand for animal healthcare continues to rise due to increased pet ownership and higher spending per pet, positioning veterinary real estate as a durable and defensive asset class. With a reliable credit-supported tenant, built-in rent growth, limited management obligations, and exposure to a thriving industry, this property represents an attractive opportunity for investors seeking stable cash flow and long-term value preservation. Investment Highlights: • Backed by a National Veterinary Network with Over 55 Animal Hospitals Nationwide. • Secured by a Double-Net (NN) Lease with Minimal Landlord Responsibilities • Scheduled Two Percent Annual Rent Increases Provide Built-In Growth and Inflation Protection

Market Context

This office in Adrian, MI is listed for sale. It is offered at an approximate 9.5% capitalization rate, a key benchmark for income-producing office assets. It has been on the market for 101 days. Compare it against other office listings for sale in Adrian, MI — view the full market.

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