18100 Schaefer Hwy Detroit, MI 48235

Listing agency Colliers - San Diego - Carlsbad, California

Listed by Jay Patel · License #01512624

Source Crexi

Added: Apr 12 Updated: Jul 22 at 6:48PM Checked: Jul 22 at 6:48PM

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Investment Insights

Based on property information with market context.

This offering is a medical office building leased on a new seven-year term, with two additional five-year option periods following the lease expiration on October 31, 2029. The lease includes 2.0% annual rent increases throughout the term. The lease is supported by a corporate lease guaranty from DaVita, Inc.

The property is described as highly visible and accessible, located between the busy intersection of Route 10 and Schaefer Highway. It is approximately 0.3 miles from Detroit Medical Center - Sinai Grace Hospital, and the area also includes other major hospital providers, including Ascension Providence Hospital and Henry Ford Health. Detroit Metropolitan Wayne County Airport is approximately 25 minutes north of the site.

As presented, healthcare real estate has shown resilience through recent economic conditions, and the remarks specifically reference dialysis tenants as essential during the Covid pandemic.

Key Highlights

• New 7‑year lease term with two 5‑year renewal option periods starting after the October 31, 2029 lease expiration
• 2.0% annual rent increases throughout the lease term, plus two 5‑year renewal options
• Corporate lease guaranty by DaVita, Inc. with S&P “BB” and Moody’s “Ba3” ratings; annual revenues exceed $11.61B

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FAQs

What type of property is this?

Medical center - Seven-year lease with two five-year renewal options and corporate guaranty by DaVita, Inc.

Where is this medical center located?

The property is located at 18100 Schaefer Hwy Detroit, MI.

What are key features of this property?

This property features: New 7‑year lease term with two 5‑year renewal option periods starting after the October 31, 2029 lease expiration; 2.0% annual rent increases throughout the lease term, plus two 5‑year renewal options; Corporate lease guaranty by DaVita, Inc. with S&P “BB” and Moody’s “Ba3” ratings; annual revenues exceed $11.61B