Sold Subscription Required
| Price $3,888,800 | Built/Renov 1998/2019 | Tenant Oak Street Health |
| Cap Rate 6.50% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
10,900
| Lease Start
04-15-2019
| #Units
204
|
| Price/SF $356.77 | Expiration
10-31-2034
| Tenant Type Medical/Health |
| NOI $252,771 | R. Term 9.11 | Ownership Fee Simple |
| Rent/SF
$23.19
| Increases 2.0%/1/yrs | Pop 5Mi 131,311 |
| Lot/AC 0.93 | Options 3/5yrs/2% | AHHI 5Mi $45,756 |
| | |
Oak Street Health is strategically located on South Saginaw Street, with access to 19,505 vehicles passing by daily. The property is conveniently situated near Interstate 75, which sees 103,713 VPD, and is close to General Motors Flint Assembly, a major employer in Michigan. The immediate vicinity is surrounded by well-known national tenants such as Kroger, McDonald's, Taco Bell, Ashley...
...Roof guarantee
Dense retail corridor
Near major nationals
Freeway close
Dense 100M+ pop 5 mi
Major MSA
Annual rent increases
Traded and rated company
Corporate Guarantee
Investment grade tenant
Oak Street Health is a leading provider of primary care for adults on Medicare. With a mission to rebuild healthcare as it should be, Oak Street Health operates a network of innovative centers...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 9,268 | 62,928 | 133,529 |
| 2024 Total Population : | 9,427 | 64,076 | 136,182 |
| 2024 Employed Civilian Pop : | 3,347 | 23,771 | 54,521 |
| 2024 Total Businesses : | 281 | 2,817 | 5,790 |
| 2024 Average Household Income : | $ 47,421 | $ 55,458 | $ 62,534 |
| 2024 Total Consumer Spending : | $ 166 M | $ 1353 M | $ 3240 M |
| 2024 Median Age : | 36 | 37 | 39 |
| 2024 Total Households : | 3,904 | 27,096 | 57,717 |
| 2024 Pop Age 25+: Bachelor's Degree : | 453 | 4,784 | 10,997 |
| 2024 Average Home Value : | $ 84,524 | $ 127,595 | $ 145,353 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| I-475 | I- 475 | 2020 | 38,857 | 0.20 mi |
| 2019 | 43,477 | 0.20 mi | ||
| S Saginaw St | Pengelly Rd | 2000 | 15,544 | 0.26 mi |
| S Grand Traverse St | 2022 | 3,268 | 0.28 mi | |
| I-475 ON RAMP | Pettibone Ave | 2020 | 3,050 | 0.28 mi |
| TO W ATHERTON RD VIA SB S GRAND TRAVERSE ST | 2021 | 3,363 | 0.31 mi | |
| Lincoln Ave | 2022 | 3,477 | 0.31 mi | |
| West Oakley Street | Dawson St | 2022 | 1,839 | 0.40 mi |
| West Oakley Street | 2019 | 2,118 | 0.40 mi | |
| I 475 | Campbell St | 2022 | 27,681 | 0.40 mi |
Lewiston, NY
Cap Rate 6.25%
Lease NN+
R. Term 9.10 yrs
Size/SF 4,250
Midlothian, VA
Cap Rate 5.50%
Lease NN+
R. Term 9.30 yrs
Size/SF 3,830
St. Louis, MO
Cap Rate 6.50%
Lease NN+
R. Term 14.20 yrs
Size/SF 4,720
Orlando, FL
Cap Rate 5.65%
Lease Double NN
R. Term 9.90 yrs
Size/SF 4,000
Tomball, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 10,190
Baltimore, MD
Cap Rate 7.00%
Lease Abs NNN
R. Term 4.11 yrs
Size/SF 9,028
Gulfport, MS
Cap Rate 7.50%
Lease NN+
R. Term 2.80 yrs
Size/SF 9,835
Jackson, TN
Cap Rate 7.00%
Lease NN+
R. Term 7.10 yrs
Size/SF 16,192
Hueytown, AL
Cap Rate 6.55%
Lease NN+
R. Term 13.50 yrs
Size/SF 6,984
Columbus, OH
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 5,605
St. Louis, MO
Cap Rate 6.50%
Lease NN+
R. Term 13.00 yrs
Size/SF 5,050
St. Augustine, FL
Cap Rate 5.85%
Lease NN+
R. Term 9.10 yrs
Size/SF 4,328
Lake Mary, FL
Cap Rate 7.20%
Lease Abs NNN
R. Term 7.90 yrs
Size/SF 3,335
Myrtle Beach, SC
Cap Rate 7.46%
Lease Abs NNN
R. Term 7.20 yrs
Size/SF 12,448
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
