Medical Office    

Legend Healthcare

 Lake Orion, MI

Asking Price

$5,296,296

Cap Rate

6.75%

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Lease Type

Net Lease

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Year Built | Ren

2001 | 2022

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Building Size

17,440 SF

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Lot Size

1.34 AC

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Rental Escalations

1.50% Annually

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2022 Avg HHI

$142,021 (5 Mi)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Brand New, 15-Year Net Lease | Long-Term Cash Flows in Place Until 2037
  • Attractive Annual Rental Escalations | 1.50% Annually
  • Oakland County Acquisition Opportunity | Michigan’s Wealthiest County
  • Primary Retail Corridor | Kroger, Walgreens, Jersey Mike’s Subs, Buffalo Wild Wings, Ace Hardware, & UPS
  • Affluent Demographics | Avg. HHI $142K+ within 5 Miles
  • 2022 Renovations | Legend Healthcare’s
    Newest Design & Equipment Standards
  • Outstanding Access & Visibility | N. Lapeer Road (43,234 VPD)

Exclusively Listed By

Isaiah Harf

Managing Director
  iharf@northmarq.com      +1 773.963.2637

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   
Michigan Broker #6506047670

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Blaise Bennett

Associate Vice President
  bbennett@northmarq.com   

Mark Lovering

Senior Associate
  mlovering@northmarq.com   

Andy Gatchell

Senior Associate
  agatchell@northmarq.com   

Josh Dicker

Senior Analyst
  jdicker@northmarq.com   

Nick O’Brien

Analyst
  nobrien@northmarq.com   

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