McLaren Caro Region Medical

Investment Highlights

• Newly Opened 42,000 SF Regional Medical Center – 6 Specialties & Pharmacy with Drive-Thru | Certificate of Need (CON) for Imaging
• 100% Occupied by 8 Tenants Operating on NNN Lease Terms – Most Containing 3% Annual Rent Increases
• Weighted Average Lease Term (WALT) of Over 9 Years
• Anchored by McLaren Bay Region – 45.7% GLA – Subsidiary of McLaren Health Care: 13 Hospitals in Michigan ($6.6B Revenue)
• Other Tenants: Putman Family Medicine, Renue Physical Therapy, Ally Pharmacy, First State Home Healthcare, TM Chiropractic, Caro Wound Care
• 2 Miles from McLaren Caro Hospital (25 Beds)
• 2 Miles from Newly Opened $85 Million – 130,000 SF State Psychiatric Hospital (100 Beds)
• Caro, Michigan: County Seat of Tuscola (Pop. 53,000) – 60 Miles North of Metro Detroit & 30 Miles East of Saginaw & Bay City, MI