Single-Tenant Office Medical
MidWest Vision Partners | 2025 10-Year Lease Extension
1116 W Ganson St, Jackson, MI 49202
Listing Price: $3,200,000
Investment Overview
Single-Tenant net lease medical office property with over eight and a half years of primary lease term remaining. Practice was acquired by Midwest Vision Partners in 2020. There's strong commitment to the location. The roof was completely replaced at the end of 2024. The lease was extended for 10 years in February of 2025. The practice has been operating out of the same property for over 40 years, and presently has over five providers to sustain patient demand.
MidWest Vision Partners | 2025 10-Year Lease Extension
Investment Highlights
- Triple Net Lease Structure - Passive Ownership - Roof was replaced in 2024
- Growing Practice with Strong Presence and - Backing by Alpine Investors - Specialty Eye Institute Acquired by Midwest Vision Partners in 2020 - Alpine Investors has $18.9 billion AUM
- Recent 10-year Lease Extension Commenced in February 2025 - Features 2.5% Annual Rental Increases Throughout Term
- Significant Historical Occupancy - Specialty Eye Institute has been at the location for 40 years, and it is the original location for the practice
- Strong Growth within Eye Care Industry - The Eye Care Industry is Experiencing Robust Growth, with U.S. Market Value Projected to Reach $33.40 Billion by 2028 Growth is Driven by an Aging Population, Increased Digital Screen Usage, and High Demand for Specialized Services
- Jackson Michigan is a Regional Healthcare Hub Serving Surrounding Communities - Henry Ford Jackson Hospital (420 beds) anchors the local system - Sustained healthcare growth as more providers move into town every year for residency and training programs
Single-Tenant Office Medical
MidWest Vision Partners | 2025 10-Year Lease Extension
Listing Price: $3,200,000
Investment Highlights
- Triple Net Lease Structure - Passive Ownership - Roof was replaced in 2024
- Growing Practice with Strong Presence and - Backing by Alpine Investors - Specialty Eye Institute Acquired by Midwest Vision Partners in 2020 - Alpine Investors has $18.9 billion AUM
- Recent 10-year Lease Extension Commenced in February 2025 - Features 2.5% Annual Rental Increases Throughout Term
- Significant Historical Occupancy - Specialty Eye Institute has been at the location for 40 years, and it is the original location for the practice
- Strong Growth within Eye Care Industry - The Eye Care Industry is Experiencing Robust Growth, with U.S. Market Value Projected to Reach $33.40 Billion by 2028 Growth is Driven by an Aging Population, Increased Digital Screen Usage, and High Demand for Specialized Services
- Jackson Michigan is a Regional Healthcare Hub Serving Surrounding Communities - Henry Ford Jackson Hospital (420 beds) anchors the local system - Sustained healthcare growth as more providers move into town every year for residency and training programs
Investment Overview
Single-Tenant net lease medical office property with over eight and a half years of primary lease term remaining. Practice was acquired by Midwest Vision Partners in 2020. There's strong commitment to the location. The roof was completely replaced at the end of 2024. The lease was extended for 10 years in February of 2025. The practice has been operating out of the same property for over 40 years, and presently has over five providers to sustain patient demand.
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