Listed by CBRE
$722,000
ATI - Keego Harbor, MI
Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 4,000
Net Rentable (SqFt) 4,000
Cap Rate 8.00%
NOI $57,797
Occupancy 100%
Tenancy Single
Brand/Tenant ATI Physical Therapy
Lease Type NNN
Lease Expiration 03/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options One (1) remaining five (5) year renewal option with written notice to Landlord at least one hundred twenty (120) days before the expiration of the then-current term.
Price per SqFt $312
Year Built 1995
Acreage 0.180
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/05/2013
Ground Lease No
2700 Old Orchard Lake Rd, Keego Harbor, MI 48346
Marketing description
Constructed in 1995 of attractive masonry, this freestanding ATI Physical Therapy investment is corporately guaranteed and the lease features three percent (3%) annual rent escalations.
This single-tenant investment property is being offered at an asking of $722,000 (8% capitalization rate). The landlord is responsible for common area maintenance, the roof, and HVAC. A new roof was installed in April of 2026. The building includes a basement, with elevator service, that is also leased to ATI. There are approximately three (3) years of term remaining on the current lease. This attractive masonry building was constructed for use as a physical therapy office. It fronts Orchard Lake Rd in a community that is known for its all-season lakes.
Investment highlights
- Year One Rent (4/1/26 — 3/31/27): $68,179.74
- Rental Escalations: Annual Rent Escalations of Three Percent (3%) to Occur on April 1st of Each Year
- Option Rent: Not Predetermined and Subject to Negotiation
- Guarantor: Athletic & Therapeutic Institute of Naperville, LLC
Listing Contacts
Listed by CBRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,797.08
$4,816.42/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
Map
Zoning
NR ResidentialSingle FamilyNeighborhood Residential
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View all 99 uses Last updated Mar 11, 2026 For deeper zoning details, reports are available at Zoneomics
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