Overview
Jennifer Stein Real Estate, Inc, is proud to present the exclusive opportunity to acquire 6240 Rashelle Drive, a 31,780-square-foot, purpose-built medical facility anchored by Blue Cloud Pediatric Surgery Centers, the nation’s largest operator of pediatric dental ambulatory surgery centers. The property is located in Flint, Michigan, serving Genesee County and the surrounding region, with access to major hospital systems, specialty physician practices, and sustained outpatient procedure demand. At an offering basis of approximately $235 per square foot, the asset is positioned significantly below national averages for comparable ASC-anchored medical properties, providing attractive downside protection and long-term value support.
Blue Cloud has recently attracted significant institutional backing, with Great Hill Partners acquiring a majority stake in 2025. Great Hill manages approximately $19 billion in assets, signaling strong conviction in the long-term scalability and consolidation potential of the pediatric dental ASC sector.
Investment Highlights
- ASC-Anchored, Mission-Critical Medical Asset ASC and MOB anchored by Blue Cloud Pediatric Surgery Centers, the largest pediatric ASC platform in the U.S.
- High Yield and cost basis of $235/SF, significantly below the national average for comparable ASC-anchored medical assets.
- Long Term NNN Lease | Institutional Credit 9 years remaining on a triple-net lease with annual escalations; tenant backed by Great Hill Partners.
- Below-Market Rents In-place rents below market
- Limited Competitive Supply Scarcity of comparable Class A, ASC-anchored medical assets in the region supports long-term occupancy, pricing power, and value preservation.
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