5668 Okemos Rd

Investment Overview

This offering features an 8,400 SF freestanding medical facility constructed in 2002 and remodeled in 2017, positioned on a 1.24-acre parcel. The property is secured by a triple-net (NNN) lease structure, providing minimal landlord responsibilities as the tenant covers utilities, taxes, insurance, and common area maintenance. Income stability is reinforced by contractual 3.00% annual rent increases, delivering predictable cash flow growth and inflation protection. The lease extends through April 30, 2031, with two additional five-year renewal options at Fair Market Value, offering long-term income continuity and potential upside.

Investment Highlights

• Key Feature: The facility benefits from a state-issued and fully approved Certificate of Need (CON).
• Positioned within a strong suburban demographic base in the Lansing MSA
• Strategically located along Okemos Rd, a primary north–south corridor serving the Okemos / Haslett trade area
• Proximity to major healthcare infrastructure including hospitals, medical offices, and specialty care providers
• Highly accessible location with convenient connectivity to regional thoroughfares including I-96
• Site location supports patient convenience with direct frontage and easy ingress/egress
• Regulatory barriers to entry that support long-term operational stability
• Strong Sales and profit track record for tenants operation as a surgery center