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20559 Mack Ave 4,640 SF Health Care Building Offered at $3,021,000 at a 7.27% Cap Rate in Grosse Pointe Woods, MI 48236
Executive Summary
Marketing description
LEASE & LOCATION
• Lease Term Remaining: ±6.00 years remaining in the primary term of 15 years.
• Increases in Primary Term: The rent increases by 10% after 2026 with an adjusted cap rate of 8.00% for the remainder of the primary term.
• Minimal Landlord Responsibilities: The lease features a lease type of +NN and a 15 year roof warranty.
• Nearby Lochmoor Club: Meticulously maintained 6,000 SF, classic 18-hole Championship Golf Course
• Barrier-to-Entry Market: Located near Grosse Pointe Yacht Club and Country Club of Detroit reinforces land scarcity and supports long-term asset value
• Strategic Location: Shadow Anchored by Kroger (+1M Visitors Annually) and near Trader Joes, Mejier, Lowes, Home Depot, etc.
• Abundant Parking: Parking is rare commodity on Mack Ave and Emcura has 31 parking spaces
• Affluent Demographics: Located in the exclusive Grosse Pointe with ±123,977 residents with AHHI of $84,167 within 3-miles, and ±732,000 residents with AHHI of $70,050 within a 10-miles.
• Strong Healthcare Synergy: Strategically located between Children’s Hospital of Michigan & Henry Ford Macomb Hospital which provides patients with access to quick and affordable care.
• Access & Visibility: Mack Ave receives ±25,000 VPD and serves as a major commercial artery for the five Grosse Pointe communities.
• Strong Educational Presence: Located 14 miles from the University of Detroit Campus with over eighteen K-12 schools.
TENANT:
• Emcura Immediate Care: A fast-growing practice based in Michigan and provides services like primary care, occupational medicine, integrative medicine, pediatric, IV Therapy, weight loss, etc.
• Stellar Patient Review: Averaging 4.8 Stars out of 5 based on 238 Google reviews, and a trusted resource for the community.
• Corporate Guarantee: The lease is corporately guaranteed by Tenet Healthcare and VHS Children’s Hospital of Michigan and currently subleasing to Emcura.
• Academic Site: Chosen as an academic site for medical students, nurse practioner students and physician assistant students.
• Full-Spectrum Medical Services: An integrated medical platform offering primary and urgent care, advanced wellness and longevity programs, on-site diagnostics, and scalable employer health services. (See page 10 or tenant page)
LEASE & LOCATION
• Lease Term Remaining: ±6.00 years remaining in the primary term of 15 years.
• Increases in Primary Term: The rent increases by 10% after 2026 with an adjusted cap rate of 8.00% for the remainder of the primary term.
• Minimal Landlord Responsibilities: The lease features a lease type of +NN and a 15 year roof warranty.
• Nearby Lochmoor Club: Meticulously maintained 6,000 SF, classic 18-hole Championship Golf Course
• Barrier-to-Entry Market: Located near Grosse Pointe Yacht Club and Country Club of Detroit reinforces land scarcity and supports long-term asset value
• Strategic Location: Shadow Anchored by Kroger (+1M Visitors Annually) and near Trader Joes, Mejier, Lowes, Home Depot, etc.
• Abundant Parking: Parking is rare commodity on Mack Ave and Emcura has 31 parking spaces
• Affluent Demographics: Located in the exclusive Grosse Pointe with ±123,977 residents with AHHI of $84,167 within 3-miles, and ±732,000 residents with AHHI of $70,050 within a 10-miles.
• Strong Healthcare Synergy: Strategically located between Children’s Hospital of Michigan & Henry Ford Macomb Hospital which provides patients with access to quick and affordable care.
• Access & Visibility: Mack Ave receives ±25,000 VPD and serves as a major commercial artery for the five Grosse Pointe communities.
• Strong Educational Presence: Located 14 miles from the University of Detroit Campus with over eighteen K-12 schools.
TENANT:
• Emcura Immediate Care: A fast-growing practice based in Michigan and provides services like primary care, occupational medicine, integrative medicine, pediatric, IV Therapy, weight loss, etc.
• Stellar Patient Review: Averaging 4.8 Stars out of 5 based on 238 Google reviews, and a trusted resource for the community.
• Corporate Guarantee: The lease is corporately guaranteed by Tenet Healthcare and VHS Children’s Hospital of Michigan and currently subleasing to Emcura.
• Academic Site: Chosen as an academic site for medical students, nurse practioner students and physician assistant students.
• Full-Spectrum Medical Services: An integrated medical platform offering primary and urgent care, advanced wellness and longevity programs, on-site diagnostics, and scalable employer health services. (See page 10 or tenant page)
Property Facts
| Price | $3,021,000 | Lot Size | 0.59 AC |
| Price Per Bed | $3,021,000 | Building Size | 4,640 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 7.27% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2016 |
| Zoning | C | ||
| Price | $3,021,000 |
| Price Per Bed | $3,021,000 |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| Property Type | Health Care |
| Lot Size | 0.59 AC |
| Building Size | 4,640 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2016 |
| Zoning | C |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 40-007-02-1892-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $153,000 |
Property Taxes
Parcel Number
40-007-02-1892-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$153,000
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20559 Mack Ave
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