Peranich Huffman Net Lease Group, in conjunction with InCommercial Property Group, are pleased to present for sale, the Dixie Lodge & Level 11 Physical Therapy medical facility located in Holly, Michigan.
The offering provides an opportunity to acquire a 16,432 square foot healthcare asset on a 3-acre parcel. The property is 100% occupied and leased to two strong tenants: Dixie Lodge Living & Wellness, and Level 11 Physical Therapy, LLC, both subsidiaries of BrightSpring Health Services, one of America's leading health and human services providers. Dixie Lodge has 3.3 years remaining on their current lease term, whereas, Level 11 has 5.3 years remaining, combining for an average of 4+ years of lease term remaining. The investment is secured by Triple Net (NNN) lease structures, where both tenants bear responsibility for expenses related to taxes, insurance, and maintenance costs, limiting landlord obligations to the structural elements (foundation, exterior walls, and roof).
Built in 2018, the facility's prime location allows it to serve as a regional hub for advanced neurological rehabilitation, drawing patients from Grand Blanc, Flint, and communities throughout Genesee and northern Oakland counties.