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Views: 115 DOM: 483 Updated: 09.12.24 Posted: 07.20.23 Status: Active

Summary

Price $1,103,200
Built/Renov 2001/2020
Tenant Saginaw Cty: Mental Health Authority
Cap Rate 9.50%
Lease Type Double NN
Guarantor Corporate
Size/SF 14,519
Lease Start 05-30-2001
#Units 17
Price/SF $75.98
Expiration 05-31-2024
Tenant Type Medical/Health
NOI $104,808
R. Term 0.5
Ownership Fee Simple
Rent/SF $7.22
Increases 0.0%/0/yrs
Pop 5Mi 51,697
Lot/AC 3.00
Options 1/1yrs
AHHI 5Mi $34,712

Lease Highlights

  • Saginaw County Mental Health Authority has occupied this property for 20+ years
  • Tenant recently completed interior & exterior renovations
  • Tenant has less than 1 year remaining on their primary lease with 1 (1-year) option to extend
  • Corporate guaranteed lease by SCCMHA

Location Description

Saginaw County Mental Health Authority is located on North Towerline Road with easy access to Interstate-75. The subject property has been operating at this location for over 20 years. The 5-mile trade area is supported by 51,697 residents earning an annual household income of $34,712. Saginaw County, officially the County of Saginaw, is a county located in the state of Michigan. It is a city...

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Maps

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  • 5 Miles

Tenant

About Tenant

Saginaw County Community Mental Health Authority (SCCMHA) is the public agency charged with the provision and oversight of service networks serving youth, families, and adults with developmental...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 431 16,739 50,061
2023 Total Population : 436 16,874 50,799
2023 Employed Civilian Pop : 147 4,811 17,648
2023 Total Businesses : 76 569 1,879
2023 Average Household Income : $ 52,064 $ 39,650 $ 46,271
2023 Total Consumer Spending : $ 10 M $ 257 M $ 882 M
2023 Median Age : 36 38 38
2023 Total Households : 229 7,326 21,579
2023 Pop Age 25+: Bachelor's Degree : 9 548 3,368
2023 Average Home Value : $ 97,764 $ 77,124 $ 86,123
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N OF M-46 / HOLLAND RD E Holland Ave 2021 1,399 0.48 mi
M 46 S Towerline Rd 2021 9,000 0.55 mi
M 46 I- 75 2021 13,895 0.70 mi
I 75;US 23 Janes Ave 2021 67,187 0.77 mi
W M 46 AND N I 75 E Holland Ave 2021 5,459 0.79 mi
E Holland Ave E Morley Dr 2015 6,400 0.83 mi
N I 75 AND W M 46 I- 75 2021 1,781 0.83 mi
E M 46 AND N I 75 E Holland Ave 2021 1,886 0.90 mi
S I 75 AND W M 46 S Outer Dr 2021 2,196 0.92 mi
W M 46 AND S I 75 E Holland Ave 2021 1,182 0.95 mi

Listing Broker

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