Overview
This offering features an 8,400 SF freestanding medical facility constructed in 2002 and remodeled in 2017, positioned on a 1.24-acre parcel. The property is secured by a triple-net (NNN) lease structure, providing minimal landlord responsibilities as the tenant covers utilities, taxes, insurance, and common area maintenance. Income stability is reinforced by contractual 3.00% annual rent increases, delivering predictable cash flow growth and inflation protection. The lease extends through April 30, 2031, with two additional five-year renewal options at Fair Market Value, offering long-term income continuity and potential upside.
Location Overview
Located in the vibrant community of Okemos, MI, 5668 Okemos Rd is surrounded by an array of amenities and attractions perfectly suited for office and office building investors. Just moments away from the property, prospective tenants will find popular dining options, convenient retail shops, and serene outdoor spaces like the Ferguson Park. The area also boasts easy access to major roadways, making commuting a breeze for employees. With a diverse range of nearby points of interest, 5668 Okemos Rd offers an ideal location for businesses looking to thrive in a dynamic and well-connected community.
- Key Feature: The facility benefits from a state-issued and fully approved Certificate of Need (CON).
- Positioned within a strong suburban demographic base in the Lansing MSA
- Strategically located along Okemos Rd, a primary north–south corridor serving the Okemos / Haslett trade area
- Proximity to major healthcare infrastructure including hospitals, medical offices, and specialty care providers
- Highly accessible location with convenient connectivity to regional thoroughfares including I-96
- Site location supports patient convenience with direct frontage and easy ingress/egress
- Regulatory barriers to entry that support long-term operational stability
- Strong Sales and profit track record for tenants operation as a surgery center
