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34290 Ford Rd 9,257 SF Retail Building Westland, MI 48185 $3,648,000 ($394.08/SF) 6.60% Cap Rate
Executive Summary
Sale Lease Back
Team Wellness a premier mental health care provider with over 40 years established. A critical care services facility providing 72 hour hold rooms to Team Wellness.
Team Wellness is positioned for growth due the critical services and importance of quality mental health care to the communities it serves.
Team Wellness the premier Mental Health Care provider in the Midwest. Rare opportunity to invest in a asset class for a company that is doing critical care for so many.. Since 1980, Team Wellness has been providing exceptional services and care to adults with severe and chronic mental illness in Southeast Michigan.
Since then, TW have expanded our services to include substance use, primary care, child/adolescent, and dental services to meet the growing needs of the community.
OUR MISSION
Team Wellness Center is dedicated to enhancing the well being of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing.
New 15 year Lease to be signed at closing 15% increase each 5 years NNN
Team Wellness a premier mental health care provider with over 40 years established. A critical care services facility providing 72 hour hold rooms to Team Wellness.
Team Wellness is positioned for growth due the critical services and importance of quality mental health care to the communities it serves.
Team Wellness the premier Mental Health Care provider in the Midwest. Rare opportunity to invest in a asset class for a company that is doing critical care for so many.. Since 1980, Team Wellness has been providing exceptional services and care to adults with severe and chronic mental illness in Southeast Michigan.
Since then, TW have expanded our services to include substance use, primary care, child/adolescent, and dental services to meet the growing needs of the community.
OUR MISSION
Team Wellness Center is dedicated to enhancing the well being of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing.
New 15 year Lease to be signed at closing 15% increase each 5 years NNN
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,257 SF
Building Class
B
Year Built
1982
Price
$3,648,000
Price Per SF
$394.08
Cap Rate
6.60%
NOI
$240,682
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.09 AC
Zoning
CM - Commercial/ Medical
Parking
50 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 56-036-99-0001-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $476,100 |
Property Taxes
Parcel Number
56-036-99-0001-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$476,100
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34290 Ford Rd
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