44200 Woodward Ave - Medical CONDO FOR SALE


Pontiac, MI 48341
$5,527,442 USD
918-794-9787
44200 Woodward Ave, Pontiac, MI for Sale
$5,527,442 USD
Medical CONDO - FOR SALE
1/9
null | 6.35% Cap Rate

44200 Woodward Ave
Pontiac, MI 48341


HIGHLIGHTS

  • Investment Grade Guarantee – A+ Fitch-rated Henry Ford Health backing the lease.
  • Leading Operator – Established Michigan kidney-care provider with 40+ years experience.
  • No Early Termination or Kick-Out Clause – Secure long-term income with no tenant outs.
  • NNN Structure – Tenant reimburses expenses; minimal landlord responsibilities.
  • New 10-Year Extension – Recently extended, reflecting long-term tenant commitment.
  • Near Large Hospital – Directly across from Trinity Health Oakland Hospital.

OVERVIEW

Northmarq is pleased to offer qualified investors the opportunity to acquire the condo interest in the land and building of a single-tenant dialysis clinic located at 44200 Woodward Avenue, Suite 109, Pontiac, Michigan, within the Lexus Professional Building. The property consists of 0.31 acres improved with a 13,561-square-foot medical office suite that was purpose-built in 2008 to the exact specifications of the tenant, Henry Ford Health System d/b/a Greenfield Health System. The site is strategically positioned directly across Woodward Avenue, which carries over 32,000 vehicles per day, from Trinity Health Oakland Hospital, a 497-bed community teaching hospital and Level II trauma center. The surrounding trade area features strong demographics, with more than 167,000 residents within a five-mile radius and average household income exceeding $143,000. The property is fully leased to Henry Ford Health System d/b/a Greenfield Health System, a leading healthcare provider in Michigan specializing exclusively in kidney care. The tenant has operated at this location since 2008 and recently executed a 10-year lease extension through August 31, 2035. The lease is structured as NNN and features 1.5% annual rent increases, providing stable and growing income with minimal landlord responsibilities. Current annual rent is $345,805, with the next scheduled increase to $350,993 effective September 1, 2026. Henry Ford Health System generated $9.6 billion in revenue and $542 million in net income in 2024 and holds an A+ credit rating from Fitch, offering investors long-term income security backed by an investment-grade healthcare system in the Detroit MSA. In association with: Melissa Diane McKenzie - MI Lic. #6502387293

FOR SALE DETAILS

PRICE

$5,527,442 USD

PRICE/SF

$408 USD /SF

CAP RATE

6.35%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Henry Ford Health - Greenfield Dialysis

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

91,242 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

5.77 AC

LAND SF

251,341 SF

ZONING

CM

APN/PARCEL ID

19-04-228-002

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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