Offering Memorandum

Investment Sale

DaVita Dialysis

14752 Northline Rd
Southgate, Michigan

eCode:014i

Sales Price

$6,206,380

NOI

$310,319

Cap Rate

5.00%

Lease Expiration

6/30/2032

Building Size

14,252 SF

Lot Size

2.75 AC

Year Built

1993

Traffic Count

Northline Rd (22,292 CPD)
Dix Toledo Rd (21,452 CPD)

Highlights

  • Corporate Guaranty
  • Long Standing Tenant History
  • Rare 2.00% Rental Increases Throughout Lease Term
  • NN Lease
  • Long Standing Nephrology Clinic
  • Excellent Access/Visibility

Radius 1 mile 3 mile 5 mile
Population Density 15,903 125,291 246,715
Household Income $74,670 $73,248 $69,677
Daytime Pop 3,705 38,400 76,898

SIMILAR PROPERTIES

Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
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Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
1951 Midway Mall
Elyria, Ohio

$1,440,000 | 8,475 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement