Listed by ParaSell Inc, CrownPoint Partners
$1,678,322
Well-Established (DSO) | 15 Yr Abs Net
Details
Property Type Retail, Office
Sub Type Medical Office, Dental office
Square Footage 7,600
Net Rentable (SqFt) 7,600
Units 17
Cap Rate 7.15%
NOI $120,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental, Heartland Dental
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 2X 5 YEAR
Price per SqFt $221
Broker Co-Op True
Year Built 1977
Year Renovated 2026
Buildings 1
Stories 1
Acreage 0.680
Parking Spaces 17 spaces
Parking Per SqFt 2.24
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/10/2026
Ground Lease No
Ownership Fee Simple
STNL Medical | 46k VPD | Sterling Heights, MI
Investment highlights
- Brand New 15 Year Absolute Net Lease
- Occupied by a Well-Established Company with a History of Success and Industry Leadership.
- Well-Established Dental Support Organization (DSO) with Strategic Growth Plans to Build a Portfolio of 100 Dental Practices
- Zero Landlord Responsibilities
- Attractive Annual 2.5% Rent Increases in Base Term and Options
- Tenant Currently has 17 Locations: 9 Open with 8 Additional Locations Under Development
- Essential Use Medical Opportunity that Offers Resiliency through Economic Cycles
- Ideal for Private Investors or 1031 Exchange Buyers Seeking a Manageable, Income-Producing Healthcare Asset With a Strong Credit Tenant
- Located in a Healthcare-Oriented Submarket with close Proximity to Major Medical Providers throughout Sterling Heights and the Greater Macomb County Region.
- Situated within an Area of Dense Residential Neighborhoods, National Retailers, and Service-Based Businesses, Creating Strong Visibility, Accessibility, and Demographic Support for Long-Term Tenant Success.
- Strategically positioned near the intersection of Schoenherr Road and 18 Mile Road, providing excellent connectivity to major residential and commercial corridors throughout Sterling Heights.
- Located within close proximity to Ascension Macomb-Oakland Hospital and multiple specialty clinics, urgent care centers, and outpatient medical facilities that drive consistent patient traffic.
- Convenient access to M-53, I-75, and M-59 enables strong regional mobility for patients and staff traveling across Macomb County and Metro Detroit.
- Surrounded by a dense population base, with more than 150,000 residents within a 5-mile radius, ensuring sustained demand for healthcare and service-based users.
- Nearby retailers include Walmart, Meijer, Target, CVS, Walgreens, and a wide variety of restaurants and local businesses that enhance daily activity and draw consistent customer flow.
- Sterling Heights benefits from a diverse economy driven by healthcare, manufacturing, education, and defense-sector employment, supporting stable area growth and service demand.
- The surrounding area experiences strong daily traffic counts, providing excellent visibility and accessibility for both tenants and patients.
Listing Contacts
Listed by ParaSell Inc, CrownPoint Partners
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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