Newmark's Government Capital Markets team is pleased to present an exceptional investment opportunity to acquire a single-tenant, net-leased district courthouse located at 48150 Grand River Avenue in Novi, Michigan (the “Property”). The 25,833-square-foot Property is occupied by Oakland County, Michigan (AAA/S&P), operating the facility as the 52nd District Court, First Division. The County recently executed a new ten-year net lease commencing June 1, 2024. Built in 1994 as a build-to-suit facility specifically designed for courthouse operations, the Property features four courtrooms, judge's chambers, holding cells, and all necessary court support spaces on a 4.74-acre site with 246 parking spaces. The modified net lease structure requires minimal landlord management responsibilities and features annual rent escalations of 2.0%, providing investors with built-in inflationary protection and consistent income growth throughout the term.