1116 W Ganson St - Medical FOR SALE


Jackson, MI 49202
$3,200,000 USD
407-557-3859
1116 W Ganson St, Jackson, MI for Sale
$3,200,000 USD
Medical - FOR SALE
1/3
null | 7.51% Cap Rate

1116 W Ganson St
Jackson, MI 49202


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
  • 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
  • Jackson Michigan is a Regional Healthcare Hub Serving Surrounding Communities

OVERVIEW

This property offers a stable investment opportunity through a triple net lease structure that ensures passive ownership, with the added benefit of a roof replacement completed in 2024. The tenant, Specialty Eye Institute, represents a growing practice with a long-standing presence in the community and strong institutional backing. In 2020, the practice was acquired by Midwest Vision Partners, which is supported by Alpine Investors, a firm managing $18.9 billion in assets. A recent 10-year lease extension commenced in February 2025, providing long-term income security and featuring 2.5% annual rental increases throughout the term. Specialty Eye Institute has demonstrated significant historical occupancy, operating at this location for over 40 years as its original site. The eye care industry continues to experience sustained growth, with the U.S. market projected to reach $33.4 billion by 2028. This trend is driven by an aging population, increased digital screen usage, and growing demand for specialized services—all of which underscore tenant stability and expansion potential. Located in Jackson, Michigan, the property benefits from its position in a regional healthcare hub serving surrounding communities. The area is anchored by Henry Ford Jackson Hospital, a 420-bed facility, and continues to attract new healthcare providers annually through residency and training programs, supporting the long-term vitality of the local healthcare sector.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MidWest Vision Partners | 2025 10-Year Lease

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

C-2

APN/PARCEL ID

2-174400000

ASK ABOUT THIS PROPERTY

Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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