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31272102
31272005

1625 Ramblewood Dr, East Lansing, MI 48823

JA
MI MI 6506045494
NAI Mid-Michigan
Listed by NAI Mid-Michigan
Unpriced
77 days on market
Updated 0 days ago

1625 Ramblewood Dr

Details
Property Type Office
Sub Type Medical Office
Square Footage 17,516
Occupancy 100%
Tenancy Single
Lease Type NNN
Class A
Year Built 1998
Investment Type Net Lease

MOB | Single Tenant NNN | Adjacent to Michigan State University

Marketing description

NAI Mid-Michigan is pleased to present a rare single-tenant, net-leased medical office investment located at 1625 Ramblewood Drive in East Lansing, Michigan - directly adjacent to Michigan State University, one of the largest public research universities in the United States.

The asset is secured by a triple-net (NNN) lease featuring fixed 3% annual rent increases that provide built-in income growth and inflation protection, with minimal landlord responsibilities. The lease runs through January 2031 and includes a five-year renewal option with continued 3% escalations, offering long-term, predictable cash flow from a healthcare tenant in a recession-resistant specialty.

East Lansing offers a stable, education-driven economy anchored by Michigan State University and supported by government, healthcare, and research employment. The property enjoys excellent regional connectivity via US-127 and I-496, with strong surrounding demographics and an established residential trade area.

Offered via Call for Offers — Tuesday, July 14th at 12:00 PM. A full data room is available upon execution of a Confidentiality Agreement.

Investment highlights

  • 100% leased to OneOncology — physician-led oncology MSO backed by Fortune 50, investment-grade Cencora
  • Long-term NNN lease through January 2031 with fixed 3% annual increases
  • One five-year renewal option with continued 3% escalations
  • Minimal landlord obligations — true passive income
  • 10,976 SF medical office; well-located, established 1998-built asset
  • Directly adjacent to Michigan State University in stable East Lansing, MI
  • Recession-resistant healthcare/oncology use with massive recurring patient base
  • Strong access via US-127 and I-496; solid surrounding demographics

Listing Contacts

JA
MI MI 6506045494
NAI Mid-Michigan
Listed by NAI Mid-Michigan

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Additional Information

Name
Jerome Abood
License
MI 6506045494
Brokerage
NAI Mid-Michigan
Brokerage Phone
5172815800
Title
Real Estate Broker
Brokerage Address
2149 Jolly Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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