1536 Ctr Rd, Essexville, MI 48732-2114

Exceptional investment opportunity: a 8,994 square foot medical office building in Essexville, Michigan, fully occupied by Fresenius Kidney Care under a net lease with 11.5 years remaining. The lease commenced October 1, 1993, and includes two five-year renewal options, extending the lease to May 31, 2036. Fresenius, a credit-rated tenant, is the world's largest provider of dialysis services. The property boasts a strong 6.43% cap rate and a current NOI of $134,910. Built in 1992, this single-story building sits on a 1.32-acre lot in a prime retail corridor, surrounded by national retailers like Kroger, Meijer, and Walgreens. The tenant is responsible for HVAC and roof replacement costs starting June 1, 2026, further enhancing the investment's long-term value. The seller will credit the buyer for the difference in NOI until June 1, 2026. This represents a stable, long-term investment with a highly reputable tenant and significant remaining lease term. The property is zoned commercial and located at 1536 W Center Rd, Essexville, MI 48732.