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2408 10th St
Menominee, MI 49858

$2,450,000 USD

Healthcare For Sale  •  4,540 SF

Property Details

  • Property Type Healthcare
  • Total Building Size 4,540 SF
  • Lot Size 1.7 AC
  • Building Class C
  • Year Built 2018
  • Cap Rate 7.24 %
0 Transit Score
46 Walk Score

Highlights

Aurora Bay Area Medical Group, LLC operates as part of Advocate Health (Moody’s: Aa2 / S&P: AA / Fitch: AA), the third-largest nonpro?t health system
Long-term lease – over 12 years remain on the primary lease term
E-commerce & recession resistant tenant
Proximity to Fincantieri Marinette Marine, a major U.S. Navy shipyard that has invested more than $800 million in facility upgrades
Dual-State Trade Area — The twin cities of Menominee, MI and Marinette, WI
US-41 Corridor Location — The property is situated along 10th Street, which carries US Route 41, a primary north-south transportation corridor

Property Flyers

Cap Rate: 7.24 %
John Feeney 847-664-9557 The Boulder Group
John Feeney 847-664-9557 The Boulder Group