Multi-Tenant Medical Office
EyeSouth Medical Office/Surgery Center
301 W 13 Mile Rd , Madison Heights, MI 48071
Listing Price: $1,740,993
Click To Access Offering Memorandum- Cap Rate6.75%
- Building SF7,090
- Year Built / Renovated1986
Investment Highlights
Key Property Highlights
- Single-Tenant Medical Office
- 15 Years of Lease Term Remaining | Recent Extension | 2% Annual Rent Increases | (2) 5-Year Options
- Guaranteed by Eyesouth Eye Care Services, LLC: National Management Services Organization, Supporting 60+ affiliated practices, 365+ physicians, and 26 ambulatory surgery centers across the U.S.
- Ophthalmic Specialists of Michigan: 9 Doctors 4 Locations & 1 Outpatient Surgery Center
Additional Highlights
- Surrounded by Big Box Retailers: Meijer, Costco, Home Depot, Lowe’s, Best Buy, Target, & Others
- 4 Miles from Corewell Health / Beaumont Royal Oak Hospital: 1,101 Beds, Major Academic & Referral Center
- Quick Access to I-75 (151,126 VPD) & I-696 (157,250 VPD)
- Excellent Demographics: 321,008 Residents & $96,410 Average Household Income within a 5-Mile Radius | Daytime Population: 372,736
Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613