Office Medical
Medical Office NNN Leaseback in Owosso Michigan
200 Health Park Dr, Owosso, MI 48867
Listing Price: $4,285,715
Cap Rate
7.00%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$285.71
Occupancy
100.0%
Year Built
2007
Lot Size
1.72 acres
Investment Overview
Subject is a Prime 15,000 Square-Foot Medical Office on a 1.72-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. NNN Leaseback with a 7-Year Base Term and 2.5% Annual Rental Increases, 4 x 5-Year Options.
Medical Office NNN Leaseback in Owosso Michigan
Investment Highlights
- Tenant Owosso Medical Group is a Well Respected Urgent Care Provider in the Memorial Healthcare System and Has Been at the Current Location Since 2006.
- Well Established Medical Office Corridor | Nearby Services Include: Fresenius Kidney Care, Shiawassee Radiology, VG's Pharmacy, Memorial Healthcare Hospital, and Others.
- Affluent Community with 27,317 Residents Living in 11,291 Households with an Average Income of Over $61,440 Within Five Miles of the Subject Asset, as of 2022.
- Subject is 28 Miles from Downtown Lansing with a Population of 112,684.
- One Mile from Memorial Healthcare Owosso Hospital | 161-Bed Level III Trauma Center
- Memorial Recently Unveiled Their New $40M, 115,000-Square-Foot Patient-Centered Neurology, Orthopedic, Rehabilitation, and Community Wellness Center
Listing Price: $4,285,715
Cap Rate
7.00%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$285.71
Occupancy
100.0%
Year Built
2007
Lot Size
1.72 acres
Investment Highlights
- Tenant Owosso Medical Group is a Well Respected Urgent Care Provider in the Memorial Healthcare System and Has Been at the Current Location Since 2006.
- Well Established Medical Office Corridor | Nearby Services Include: Fresenius Kidney Care, Shiawassee Radiology, VG's Pharmacy, Memorial Healthcare Hospital, and Others.
- Affluent Community with 27,317 Residents Living in 11,291 Households with an Average Income of Over $61,440 Within Five Miles of the Subject Asset, as of 2022.
- Subject is 28 Miles from Downtown Lansing with a Population of 112,684.
- One Mile from Memorial Healthcare Owosso Hospital | 161-Bed Level III Trauma Center
- Memorial Recently Unveiled Their New $40M, 115,000-Square-Foot Patient-Centered Neurology, Orthopedic, Rehabilitation, and Community Wellness Center
Investment Overview
Subject is a Prime 15,000 Square-Foot Medical Office on a 1.72-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. NNN Leaseback with a 7-Year Base Term and 2.5% Annual Rental Increases, 4 x 5-Year Options.
