

1625 Ramblewood Dr
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
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