10483 Dixie Hwy - Health Care FOR SALE


Holly, MI 48442
$4,208,000 USD
214-300-5524
10483 Dixie Hwy, Holly, MI for Sale
$4,208,000 USD
Health Care - FOR SALE
1/3
null | 9% Cap Rate

10483 Dixie Hwy
Holly, MI 48442


HIGHLIGHTS

  • Two-Tenant Medical Care & Rehabilitation Center
  • Both Tenants are Subsidiaries of BrightSpring Health Services
  • Neurological & Physical Therapy
  • 4+ Years of Average Lease Term Remaining
  • 16,432 SF Medical Facility on 3.0 Acres

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,208,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BrightSpring Health Services

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.02 AC

LAND SF

131,551 SF

ZONING

CM

APN/PARCEL ID

12-35-400-009

ASK ABOUT THIS PROPERTY

Nathan HuffmanPeranich Huffman Net Lease GroupMore Info
214-300-5524

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Nathan HuffmanPeranich Huffman Net Lease GroupMore Info
214-300-5524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.