6200 Middlebelt Rd Garden City, MI 48135-2409
- Medical offices
- 6,257 SF
- 0.59 lot acres
Current Use by Public Records
- Beaumont Urgent Care / Doctor / Drug Testing Service
Property Details for 6200 Middlebelt Rd
- Year built
- 2005
- Lot size
- 0.59 lot acres
- Property size
- 6,257 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 35 010 01 0020 302
- APU
- 35010010020302
Description
Exceptional investment opportunity in a prime Garden City, MI location. This Class A medical office complex consists of two buildings totaling 6,270 square feet, situated on a 0.59-acre lot with 36 parking spaces. The property features a prominent location on Middlebelt Road, boasting high visibility with a newly installed digital sign. The main building encompasses 4,200 square feet, while the secondary building offers an additional 2,070 square feet. Currently 84.05% occupied by Beaumont Urgent Care, a highly reputable tenant with a corporate lease guarantee, providing significant financial stability. The lease includes 3% annual rent bumps and 5-year renewal options, ensuring consistent income growth. The property benefits from high daily traffic counts (30,000 vehicles) at the nearby intersection of Ford Road and Middlebelt Road, and is conveniently located near a traffic signal at Middlebelt and Block Street. Nearby amenities include Garden City High School (0.5 miles), Garden City Hospital (1 mile), and various retailers such as Dollar Tree and Planet Fitness. The parking lot was recently seal-coated (August 2020). This value-add opportunity presents the potential to increase profitability by leasing the remaining vacant space. Lease renewals are anticipated in 2023. The property is well-maintained and enjoys a strategic location adjacent to Garden City Towers and AutoZone. This offering presents a compelling investment opportunity with a 6.27% cap rate and a strong tenant profile. Built in 2005, this NNN-leased property offers a secure and profitable investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garden City
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3305
- Latitude
- 42.3309
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
