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33167856
33167853

34095 Plymouth Road, Livonia, MI 48150

SB
OK 160500, IA B67010000
Northmarq Capital, LLC
Northmarq - Tulsa
Northmarq - Tulsa
Listed by Northmarq Capital, LLC, Northmarq - Tulsa
$4,992,410
8 days on market
Updated 8 days ago

Concentra Urgent Care

Details
Property Type Office
Sub Type Medical Office
Square Footage 16,375
Net Rentable (SqFt) 16,375
Units 80
Cap Rate 6.25%
NOI $312,026
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 40.8
Lease Expiration 12/30/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options 1, 5-year
Year Built 1985
Year Renovated 2025
Buildings 1
Stories 1
Acreage 2.190
Parking Spaces 80 spaces
Parking Per SqFt 4.89
Tenant Credit Corporate Guarantee
Lease Commencement 03/31/1995
Ownership Fee Simple

Concentra Urgent Care Tenant | Long-Term NN Lease | Established Metro Suburb (Livonia)

Marketing description

Northmarq is pleased to offer a single-tenant urgent care facility leased to Concentra Health Services, Inc. located at 34095 Plymouth Road in Livonia, Michigan. The property consists of a 16,375-square-foot, single-story building on 2.19 acres and operates as a Concentra Urgent Care and Advanced Specialists clinic providing occupational health, urgent care, physical therapy, and health and wellness services. The site benefits from a highly visible infill location with direct access to Interstate 96 and Farmington Road, supporting both local residents and the surrounding workforce.

The property is subject to a double net lease expiring December 31, 2035, with approximately 9.6 years of remaining term and 3 percent annual rent escalations throughout the primary term and renewal option. Concentra is the nation’s largest provider of occupational health services and has operated at this location since 1995, underscoring the mission-critical nature of the facility within its broader operating platform.

Investment highlights

  • No Early Termination or Kick-Out Clause – Secure lease structure
  • Nation’s Largest Occupational Health Provider – Extensive national footprint
  • Dominant Employer Relationships – Embedded within U.S. workforce healthcare
  • Long-Term Operating History at This Location – Nearly 30 years at the site
  • Long-Term, Passive Lease – Tenant covers most operating expenses
  • Consistent Rent Growth – 3 percent annual escalations
  • New Roof (2021) – Reduced capital exposure
  • Exceptional Infill Location – Strong traffic counts and accessibility
  • Affluent & Dense Suburban Trade Area – High-income Detroit metro suburb
  • Detroit Metro Market Fundamentals – Large and diverse employment bas

Listing Contacts

SB
OK 160500, IA B67010000
Northmarq Capital, LLC
Northmarq - Tulsa
Northmarq - Tulsa
Listed by Northmarq Capital, LLC, Northmarq - Tulsa

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$312,025.63
$26,002.14/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Melissa Diane McKenzie
License
MI Lic. #6502387293
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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