Vivent Health

64 Victor Street, Highland Park, MI 48203

$3,219,000

Cap Rate 6.50%

Views: 21 DOM: 8 Updated: 11.05.24 Posted: 11.01.24 Status: Active

Summary

Price $3,219,000	Built/Renov 1963/2024	Tenant Vivent Health
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 16,408	Lease Start 12-26-2024	#Units 17
Price/SF $196.18	Expiration 12-25-2034	Tenant Type Medical/Health
NOI $209,250	R. Term 10.1	Ownership Fee Simple
Rent/SF $12.75	Increases 3.0%/5/yrs	Pop 5Mi 363,759
Lot/AC 0.83	Options 4/5yrs/3%	AHHI 5Mi $48,539

Ryan Gomez

Cushman & Wakefield

Contact

Lease Highlights

Brand new 10-year lease with 4 (5-year) renewal options
3% Annual Increases as of 2029
Tenant completing $2MM in improvements/renovations
Absolute NNN lease | Zero landlord responsibilities
Tenant is 2nd largest leading HIV healthcare provider serving nearly 17,000 individuals

Location Description

Vivent Health is strategically located at the hard corner intersection of Victor Street and John R Street, with access to a substantial combined daily traffic count of 81,871 vehicles. The property is conveniently situated less than 3 miles from the University of Detroit Mercy, and under 4 miles from Wayne State University, with an enrollment of 16,116 students. This prime location offers easy...

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Key Features

Recent renovation
High traffic 50M+ VPD
Highway close
Top 100 MSA
Strong demographics
Brand new lease
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee

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Links

Vivent Health Wikipedia Highland Park, Michigan Zip Code 48203 Broker Site Page

Maps

Local Information

1 Mile
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Tenant

Tenant: Vivent Health
Guarantor:Corporate
Company:Vivent Health
# Units:17
Stock:Private

About Tenant

Founded in 1985, Vivent Health is one of the largest providers of HIV care, prevention, and treatment services in the nation and has been designated by the Centers for Medicare and Medicaid as...

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Listing Broker

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