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1634 Gull Rd 8,000 SF Medical Condo Unit Offered at $1,667,200 in Kalamazoo, MI 49048
Investment Highlights
- Early 5-Year Lease Extension (2025–2030) – Demonstrates tenant’s long-term commitment to the site
- Corporate Guarantee – National urgent care platform with 150+ locations and The Aspen Group backing
- Directly Across from Ascension Borgess Hospital – A 422-bed regional medical hub anchoring Kalamazoo’s healthcare district
- 2% Annual Rent Increases – Provides consistent income growth and inflation protection
- High-Visibility Location – Over 25,800 VPD on Gull Road, a primary east-west commercial corridor
- Passive Income Profile – Net lease with minimal landlord responsibilities
Property Facts
1 Unit Available
Unit WellNow
| Unit Size | 8,000 SF | Sale Type | Investment |
| Price | $1,667,200 | Cap Rate | 7.50% |
| Price Per SF | $208.40 | NOI | $125,040 |
| Condo Use | Medical |
| Unit Size | 8,000 SF |
| Price | $1,667,200 |
| Price Per SF | $208.40 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $125,040 |
Description
Investment condo sale with long-term tenant generating a 7.5% cap rate.
Sale Notes
WellNow Urgent Care
+/- 8,000 SF fee simple condo.
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1634 Gull Rd
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