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32051559
32051558

7164 N. Main St., Clarkston, MI 48346

DH
MI MI 6501300653
CBRE
Listed by CBRE
$845,000
36 days on market
Updated 36 days ago

ATI - Clarkston, MI

Details
Property Type Office
Sub Type Medical Office
Square Footage 5,474
Cap Rate 7.50%
NOI $63,365
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 03/30/2029
Remaining Term 2.8
Rent Bumps Yes
Price per SqFt $154
Year Built 1988
Buildings 1
Acreage 0.740
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/05/2013

Longstanding Nationally Branded Physical Therapy Clinic

Marketing description

Constructed in 1988 and situated in the desirable community of Clarkston, MI, this freestanding ATI Physical Therapy investment is corporately guaranteed and the lease features annual 3% rent escalations. This single-tenant investment property is being offered at an asking price of $845,000 (7.5% capitalization rate). The landlord is responsible for common area maintenance, the roof, and HVAC. There are approximately three (3) years of term remaining on the current lease.

This facility has been utilized for physical therapy for several decades as ATI purchased the operations of Dwight Orthopedic. Clarkston is a highly desirable, charming community on the northern edge of metropolitan Detroit. This investment benefits from its position in between downtown Clarkston and the I-75 interchange.

Investment highlights

  • Guarantor: Athletic & Therapeutic Institute of Naperville, LLC
  • Year One Rent: $68,133.60
  • 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

Listing Contacts

DH
MI MI 6501300653
CBRE
Listed by CBRE

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,365.44
$5,280.45/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
David Hesano
License
MI 6501300653
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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