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
Lead Agent

Seth Haron

Managing Director Investments

Lic: MI 6501373006

Darin Gross

Senior Director Investments

Lic: MI 6501384871

Ashish Vakhariya

Senior Managing Director Investments

Lic: MI 6501322501

Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613