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Single-Tenant Office Medical

Stonebrooke Family Physicians

2940 Crooks Rd, Rochester Hills, MI 48309

Listing Price: $2,953,920

Cap Rate
7.50%
Tenant Name
Stonebrook Family Physicians
Gross SF
9,231
Guarantor
Corporate Guarantee
Rentable SF
9,231
Price/Gross SF
$320.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.00

Investment Overview

Marcus & Millichap is pleased to present Stonebrooke Family Physicians, a 9,231 square-foot medical office property in Rochester Hills, Michigan. The property is situated on 0.93 acres with ample parking. The building was constructed in 2005 and has 7,431 square feet of clinical space on the first floor and 1,800 square feet of administrative space in the lower level. The tenant is prepared to execute a 10-year lease at the close of escrow. The triple-net lease features two percent annual rental increases through the base term and four five-year option periods.

Stonebrooke Family Physicians is a state-of-the-art medical facility designed to suit the needs of busy families. The practice provides high-quality care services for the entire family, from newborns to the elderly, in a friendly and comfortable setting. There are currently eight providers at the clinic (six physicians and two PA’s).

Ascension Providence Rochester Hospital, a 290-bed Level III Trauma Center, is 4.3 miles away, and Corewell Health / Beaumont Troy Hospital is 5.6 miles away (530 beds, 1,418 physicians, 103,000 annual ER visits). Less than nine miles away in Troy is Automation Alley, a World Economic Forum Advanced Manufacturing Hub (AMHUB) and a nonprofit Industry 4.0 knowledge center. The nonprofit is a technology business association and Digital Transformation Insight Center focused on driving the growth and success of businesses in Michigan and beyond through innovation and automation.

The property is also located in an affluent demographic area with nearly 186,000 residents and an approximate average household income of $135,000 within five miles. There are numerous offices in the immediate area, and the daytime population is 236,671 within a five-mile radius. The asset features excellent visibility near the corner of Crooks Road and Auburn Road, which experiences a combined 35,082 vehicles per day. Stonebrooke Family Physicians is situated less than a mile from M-59, which experiences 100,704 vehicles per day. Interstate 75 is 2.5 miles away, with a daily traffic count of 116,314.

Rochester Hills is located in Oakland County (AAA Bond Rating), the 9th wealthiest county in the US in markets of over one million people. The city populace is well-educated and enjoys an abundance of cultural amenities and picturesque landscapes and parks. Rochester Hills is home to Oakland University, the only research university in Oakland County, and currently enrolls nearly 16,000 students. Rochester University, a small Christian college with 1,114 students, is also located in Rochester Hills. The asset is four miles from Downtown Rochester, an affluent neighborhood well known for its holiday lights on Main Street and boasts an average household income of $155,000.

Investment Highlights

  • 10-Year Triple-Net Sale-Leaseback | Two Percent Annual Rent Increases
  • State-Of-The-Art Medical Facility Focusing on Family Care | Eight Providers
  • 4.3 Miles from Ascension Providence Rochester Hospital (290-Bed, Level III Trauma Center)
  • 5.6 Miles from Corewell Health / Beaumont Troy Hospital (530 Beds, 1,418 Physicians, 130K ER Visits)
  • 8.6 Miles from Automation Alley: World Economic Forum Advanced Manufacturing Hub (AMHUB) & Nonprofit Industry 4.0 Knowledge Center
  • Affluent Demographics: 185,884 Residents with an Average Household Income of $135,561 within a Five-Mile Radius
  • Quick Access to M-59 (100,704 Vehicle Passing per Day) & Interstate-75 (116,314 Vehicle Passing per Day)
  • Close Proximity to Downtown Rochester & Oakland University (15,992 Students)

Exclusively Listed By

Single-Tenant Office Medical

Stonebrooke Family Physicians

Listing Price: $2,953,920

Cap Rate
7.50%
Tenant Name
Stonebrook Family Physicians
Gross SF
9,231
Guarantor
Corporate Guarantee
Rentable SF
9,231
Price/Gross SF
$320.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.00

Investment Highlights

  • 10-Year Triple-Net Sale-Leaseback | Two Percent Annual Rent Increases
  • State-Of-The-Art Medical Facility Focusing on Family Care | Eight Providers
  • 4.3 Miles from Ascension Providence Rochester Hospital (290-Bed, Level III Trauma Center)
  • 5.6 Miles from Corewell Health / Beaumont Troy Hospital (530 Beds, 1,418 Physicians, 130K ER Visits)
  • 8.6 Miles from Automation Alley: World Economic Forum Advanced Manufacturing Hub (AMHUB) & Nonprofit Industry 4.0 Knowledge Center
  • Affluent Demographics: 185,884 Residents with an Average Household Income of $135,561 within a Five-Mile Radius
  • Quick Access to M-59 (100,704 Vehicle Passing per Day) & Interstate-75 (116,314 Vehicle Passing per Day)
  • Close Proximity to Downtown Rochester & Oakland University (15,992 Students)

Investment Overview

Marcus & Millichap is pleased to present Stonebrooke Family Physicians, a 9,231 square-foot medical office property in Rochester Hills, Michigan. The property is situated on 0.93 acres with ample parking. The building was constructed in 2005 and has 7,431 square feet of clinical space on the first floor and 1,800 square feet of administrative space in the lower level. The tenant is prepared to execute a 10-year lease at the close of escrow. The triple-net lease features two percent annual rental increases through the base term and four five-year option periods. Stonebrooke Family Physicians is a state-of-the-art medical facility designed to suit the needs of busy families. The practice provides high-quality care services for the entire family, from newborns to the elderly, in a friendly and comfortable setting. There are currently eight providers at the clinic (six physicians and two PA’s). Ascension Providence Rochester Hospital, a 290-bed Level III Trauma Center, is 4.3 miles away, and Corewell Health / Beaumont Troy Hospital is 5.6 miles away (530 beds, 1,418 physicians, 103,000 annual ER visits). Less than nine miles away in Troy is Automation Alley, a World Economic Forum Advanced Manufacturing Hub (AMHUB) and a nonprofit Industry 4.0 knowledge center. The nonprofit is a technology business association and Digital Transformation Insight Center focused on driving the growth and success of businesses in Michigan and beyond through innovation and automation. The property is also located in an affluent demographic area with nearly 186,000 residents and an approximate average household income of $135,000 within five miles. There are numerous offices in the immediate area, and the daytime population is 236,671 within a five-mile radius. The asset features excellent visibility near the corner of Crooks Road and Auburn Road, which experiences a combined 35,082 vehicles per day. Stonebrooke Family Physicians is situated less than a mile from M-59, which experiences 100,704 vehicles per day. Interstate 75 is 2.5 miles away, with a daily traffic count of 116,314. Rochester Hills is located in Oakland County (AAA Bond Rating), the 9th wealthiest county in the US in markets of over one million people. The city populace is well-educated and enjoys an abundance of cultural amenities and picturesque landscapes and parks. Rochester Hills is home to Oakland University, the only research university in Oakland County, and currently enrolls nearly 16,000 students. Rochester University, a small Christian college with 1,114 students, is also located in Rochester Hills. The asset is four miles from Downtown Rochester, an affluent neighborhood well known for its holiday lights on Main Street and boasts an average household income of $155,000.

Exclusively Listed By

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