3860 S Mackinaw Trail · Cadillac, MI 49601 · Specialty Retail
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Brand-New 2023 Construction – Modern prototype Petco retail store
Corporate Lease – Guaranteed by Petco Animal Supplies Stores, Inc. (NYSE: WOOF)
15-Year Absolute NNN Lease – Zero landlord responsibilities
8.5% Rent Increases Every 5 Years – Long-term inflation protection
Outparcel to The Home Depot – High-traffic retail synergy
22,000+ Vehicles Per Day – Excellent frontage and visibility along U.S. 131 corridor
Located in Cadillac’s Primary Retail Hub – Near Walmart, Meijer, and Menards
Tourism and Recreation Market – 1M+ annual visitors to the Cadillac area
Strong Local Demographics – 31,000+ residents within 10 miles
Average Household Income Over $64,000 – Healthy consumer spending power
Strategic Regional Access – At junction of U.S. 131, M-55, and M-115
Proximity to Major MSAs – 100 miles from Grand Rapids, 210 miles from Detroit
E-commerce Resistant Tenant – Pet services and wellness model drives in-store traffic
Fee Simple Ownership – Ideal for passive or 1031 exchange investors
Embree Capital Markets Group is pleased to present the exclusive offering of a newly constructed, build-to-suit Petco located at 3860 S. Mackinaw Trail in Cadillac, Michigan. This premier single-tenant retail property is secured by a 15-year absolute NNN lease with 8.5% rental increases every five years, providing investors with a stable, inflation-protected income stream. The property features high visibility along a major retail corridor and sits as an outparcel to The Home Depot, surrounded by other nationally recognized retailers.
Located in Cadillac, Michigan, the property benefits from its position at the crossroads of U.S. Route 131, M-55, and M-115, providing convenient regional access and strong daily traffic counts exceeding 22,000 vehicles per day. Cadillac serves as the economic hub of Wexford County and draws from a broad regional trade area. It lies approximately 100 miles north of Grand Rapids and 210 miles northwest of Detroit, offering investors proximity to two of Michigan’s largest MSAs while being central to a thriving recreational and tourism market. With a local population exceeding 31,000 residents within a 10-mile radius and average household incomes over $64,000, the area provides a strong consumer base anchored by steady year-round activity and significant seasonal tourism.
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.