116 Mill St - Medical FOR SALE


Fenton, MI 48430- Fenton/Argentine
$2,100,000 USD
810-360-8598
116 Mill St, Fenton, MI for Sale
$2,100,000 USD
Medical - FOR SALE
1/10
null | 5.64% Cap Rate

116 Mill St
Fenton, MI 48430
Fenton/Argentine


HIGHLIGHTS

  • Investment Opportunity.
  • Located in downtown Fenton
  • Med Spa tenant with 20 locations
  • Spectacular architecture with high-end finishes.
  • Additional municipal parking adjacent.

OVERVIEW

Turnkey NNN Med Spa Investment – Downtown Fenton, MI 116 Mill Street | Fenton, MI 48430 Outstanding opportunity to acquire a modern two-story NNN investment property in the heart of Downtown Fenton’s thriving retail and dining district. Built in 2018, this 5,632 SF freestanding building features premium architecture, high-end finishes, and excellent street visibility at the corner of Mill and Adelaide Streets. The property is 100% leased to Cosmetic Skin & Laser Center, a proven multi-location Med Spa operator with 20+ clinics nationwide, under a NNN lease through March 2029 with 3% annual increases. Tenant covers all expenses, providing passive, low-maintenance income with an annual NOI of $118,450. Located within the Central Business District (CBD), the property benefits from strong demographics, ample municipal parking, and proximity to popular restaurants, boutiques, and lifestyle amenities in one of Michigan’s fastest-growing downtowns.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

5.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CBD

APN/PARCEL ID

53-36-506-079

ASK ABOUT THIS PROPERTY

Ethan WhitesellThomas Duke CompanyMore Info
810-360-8598

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Ethan WhitesellThomas Duke CompanyMore Info
810-360-8598

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