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44200 Woodward Ave - Henry Ford Health - Greenfield Dialysis 13,561 SF Office/Medical Condo Unit Offered at $5,527,442 in Pontiac, MI 48341
Investment Highlights
- Investment Grade Guarantee – A+ Fitch-rated Henry Ford Health backing the lease.
- No Early Termination or Kick-Out Clause – Secure long-term income with no tenant outs.
- New 10-Year Extension – Recently extended, reflecting long-term tenant commitment.
- Leading Operator – Established Michigan kidney-care provider with 40+ years experience.
- NNN Structure – Tenant reimburses expenses; minimal landlord responsibilities.
- Near Large Hospital – Directly across from Trinity Health Oakland Hospital.
Property Facts
| Total Building Size | 91,242 SF | Typical Floor Size | 52,385 SF |
| Property Type | Office (Condo) | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 5.77 AC |
| Building Class | B | Parking Ratio | 4.38/1,000 SF |
| Floors | 2 | ||
| Zoning | CM - Commercial | ||
| Total Building Size | 91,242 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 52,385 SF |
| Year Built | 2007 |
| Lot Size | 5.77 AC |
| Parking Ratio | 4.38/1,000 SF |
| Zoning | CM - Commercial |
Amenities
- Signage
1 Unit Available
Unit 109
| Unit Size | 13,561 SF | Sale Type | Investment |
| Price | $5,527,442 | Cap Rate | 6.35% |
| Price Per SF | $407.60 | NOI | $350,992.58 |
| Condo Use | Office/Medical |
| Unit Size | 13,561 SF |
| Price | $5,527,442 |
| Price Per SF | $407.60 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| NOI | $350,992.58 |
Sale Notes
Northmarq is pleased to offer qualified investors the opportunity to acquire the condo interest in the land and building of a single-tenant dialysis clinic located at 44200 Woodward Avenue, Suite 109, Pontiac, Michigan, within the Lexus Professional Building. The property consists of 0.31 acres improved with a 13,561-square-foot medical office suite that was purpose-built in 2008 to the exact specifications of the tenant, Henry Ford Health System d/b/a Greenfield Health System. The site is strategically positioned directly across Woodward Avenue, which carries over 32,000 vehicles per day, from Trinity Health Oakland Hospital, a 497-bed community teaching hospital and Level II trauma center. The surrounding trade area features strong demographics, with more than 167,000 residents within a five-mile radius and average household income exceeding $143,000.
The property is fully leased to Henry Ford Health System d/b/a Greenfield Health System, a leading healthcare provider in Michigan specializing exclusively in kidney care. The tenant has operated at this location since 2008 and recently executed a 10-year lease extension through August 31, 2035. The lease is structured as NNN and features 1.5% annual rent increases, providing stable and growing income with minimal landlord responsibilities. Current annual rent is $345,805, with the next scheduled increase to $350,993 effective September 1, 2026. Henry Ford Health System generated $9.6 billion in revenue and $542 million in net income in 2024 and holds an A+ credit rating from Fitch, offering investors long-term income security backed by an investment-grade healthcare system in the Detroit MSA.
In association with: Melissa Diane McKenzie - MI Lic. #6502387293
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44200 Woodward Ave - Henry Ford Health - Greenfield Dialysis
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