5668 Okemos Rd Okemos, MI 48864

Listing agency NAI Mid-Michigan j***@naimidmichigan.com Show Phone

Listed by Jerome Abood Show Phone

Source Naiglobal

Added: Apr 1 Updated: Jul 21 at 4:40AM Checked: Jul 21 at 4:40AM

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Investment Insights

Based on property information with market context.

The offering is an 8,400 SF freestanding medical facility constructed in 2002 and remodeled in 2017, situated on a 1.24-acre parcel. The property is structured as a triple-net (NNN) lease, with the tenant responsible for utilities, taxes, insurance, and common area maintenance, limiting landlord responsibilities. Income includes contractual 3.00% annual rent increases.

The lease term extends through April 30, 2031, with two additional five-year renewal options at Fair Market Value. The facility also benefits from a state-issued, fully approved Certificate of Need (CON).

Strategically located along Okemos Rd within the Lansing MSA, the site provides direct frontage and easy ingress/egress along a primary north–south corridor serving the Okemos/Haslett trade area, with proximity to hospitals, medical offices, and specialty care providers.

Key Highlights

• 8,400 SF freestanding medical facility built in 2002 and remodeled in 2017 on a 1.24‑acre parcel
• Triple‑net (NNN) lease structure where the tenant covers utilities, taxes, insurance, and common area maintenance
• Lease runs through April 30, 2031, with two additional five‑year renewal options at Fair Market Value

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FAQs

What type of property is this?

Medical center - Freestanding 8,400 SF medical facility on a 1.24-acre parcel with NNN lease structure and remodeled improvements.

Where is this medical center located?

The property is located at 5668 Okemos Rd Okemos, MI.

What is the asking price?

The asking price for this property is $3,360,000.

What are key features of this property?

This property features: 8,400 SF freestanding medical facility built in 2002 and remodeled in 2017 on a 1.24‑acre parcel; Triple‑net (NNN) lease structure where the tenant covers utilities, taxes, insurance, and common area maintenance; Lease runs through April 30, 2031, with two additional five‑year renewal options at Fair Market Value