20559 Mack Ave - Health Care FOR SALE


Grosse Pointe Woods, MI 48236
$3,021,000 USD
866-889-0550
20559 Mack Ave, Grosse Pointe Woods, MI for Sale
$3,021,000 USD
Health Care - FOR SALE
1/1
null | 7.27% Cap Rate

20559 Mack Ave
Grosse Pointe Woods, MI 48236


OVERVIEW

Marketing description LEASE & LOCATION • Lease Term Remaining: ±6.00 years remaining in the primary term of 15 years. • Increases in Primary Term: The rent increases by 10% after 2026 with an adjusted cap rate of 8.00% for the remainder of the primary term. • Minimal Landlord Responsibilities: The lease features a lease type of +NN and a 15 year roof warranty. • Nearby Lochmoor Club: Meticulously maintained 6,000 SF, classic 18-hole Championship Golf Course • Barrier-to-Entry Market: Located near Grosse Pointe Yacht Club and Country Club of Detroit reinforces land scarcity and supports long-term asset value • Strategic Location: Shadow Anchored by Kroger (+1M Visitors Annually) and near Trader Joes, Mejier, Lowes, Home Depot, etc. • Abundant Parking: Parking is rare commodity on Mack Ave and Emcura has 31 parking spaces • Affluent Demographics: Located in the exclusive Grosse Pointe with ±123,977 residents with AHHI of $84,167 within 3-miles, and ±732,000 residents with AHHI of $70,050 within a 10-miles. • Strong Healthcare Synergy: Strategically located between Children’s Hospital of Michigan & Henry Ford Macomb Hospital which provides patients with access to quick and affordable care. • Access & Visibility: Mack Ave receives ±25,000 VPD and serves as a major commercial artery for the five Grosse Pointe communities. • Strong Educational Presence: Located 14 miles from the University of Detroit Campus with over eighteen K-12 schools. TENANT: • Emcura Immediate Care: A fast-growing practice based in Michigan and provides services like primary care, occupational medicine, integrative medicine, pediatric, IV Therapy, weight loss, etc. • Stellar Patient Review: Averaging 4.8 Stars out of 5 based on 238 Google reviews, and a trusted resource for the community. • Corporate Guarantee: The lease is corporately guaranteed by Tenet Healthcare and VHS Children’s Hospital of Michigan and currently subleasing to Emcura. • Academic Site: Chosen as an academic site for medical students, nurse practioner students and physician assistant students. • Full-Spectrum Medical Services: An integrated medical platform offering primary and urgent care, advanced wellness and longevity programs, on-site diagnostics, and scalable employer health services. (See page 10 or tenant page)

FOR SALE DETAILS

PRICE

$3,021,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C

APN/PARCEL ID

40-007-02-1892-004

ASK ABOUT THIS PROPERTY

Nathan KamMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Nathan KamMatthews Real Estate Investment ServicesMore Info
866-889-0550

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