Details

DaVita Dialysis Site | Tenant in Hold Over

6757 Main St, Cass City, MI

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hIGHLIGHTS

Size:7,822 SF

Price:$1,250,000.00

CAP RATE:9.47%

NOI:$118,366.00

PROPERTY
OVERVIEw

DETAILS

• Building constructed in 1999, Renovated in 2007
• Lease Type: NN
• Lease Commencement: 2/1/2012
• Lease Expiration: 1/31/2022
• Rent: $9,863.88
• CAM: $2,522.81
• NOI (excluding CAM): $118,366
• Total Monthly Payments: $12,386.69
• Increases: 2.5% Annually
• Landlord Responsibilities: Roof and Structure
• Tenant pays for monthly CAM contribution

InCommercial Property Group is pleased to present a former DaVita Dialysis center located in Cass City, Michigan. Sitting on 1.2 Acres, the one-story 7,822 SF medical office building was constructed in 1999 and completely renovated in 2007; with a new addition. The site is move in ready for a medical/dialysis owner or user and is a great opportunity for an investor to add value with leasing while receiving substantial cash flow. The property is located less than a mile from Hills & Dales General Hospital.

Location

Contact

Michael Mintz

Vice President, Brokerage

(847) 648-1717

MMintz@InCommercialRE.com