Premier Medical Park Sale-Leaseback

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Premier Medical Park Sale-Leaseback

20290 Middlebelt Rd, Suite 100 Livonia MI Wayne County

Sales Price: $1,010,230

Cap Rate: 7.80%

Contact Person(s): Maxwell Lippitt
Louis Ciotti

Description:

LONG TERM NNN SALE-LEASEBACK
Premier Medicine will be signing a brand new 10 year lease with minimal landlord responsibilities.

RENT INCREASES
3% annual rental increases including two option periods.

SUCCESSFUL LOCATION
Subject property is a condo within Premier Medical Park located a mile away from Beaumont Hospital Farmington Hills (200 Beds, 2500 employees). The population exceeds 250,000 people with a 5 mile radius.

Traffic Count: Middlebelt Rd - 24,700 CPD

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 10,250 84,361 225,579
Avg. HH Income: $60,439 $82,274 $82,680
Daytime Population: 585 3,497 11,375

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.