2408 10th StMenominee, MI 49858
Aurora Health Menominee MI
Asset ClassHealthcare Facility
STNL Medical Office w/Long Term Lease
Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Advocate Aurora Health property located in Menominee, Michigan. The property was a build-to-suit for the medical tenant in 2018. The lease features over 14 years of primary term remaining and contains 1% annual rental escalations. There are four 5-year renewal options as well. This location provides family medicine and lab testing. Aurora Bay Area Medical Group is part of Advocate Aurora Health, which is investment grade (Moody’s: Aa3).
Investment Highlights
- Leased to Aurora Medical Group, part of the Advocate Aurora Healthcare system
- 14 years remaining on the primary lease term
- 1% annual rental escalations
- 2018 construction
- Advocate Aurora Health is one of the top 12 not-for-profit health systems in the country
- Located along 10th Street (18,900 VPD)
- Tenants in the area include Burger King, True Value, Perkins, Little Caesars Pizza, Dollar General, A&W, Shell, McDonald’s, & Taco Bell
- One mile from the Menominee-Marinette Regional Airport and across from the Menominee Fire Department
- 22,872 people living within five miles of the property earning an average annual household income of $65,560
2408 10th StMenominee, MI 49858
Exclusively Listed By:
Listing provided by Revere CRE