Dixie Lodge Living/Wellness – Holly, MI

$4,577,978
Price
$313,591.47
Noi
6.85%
Cap Rate
16,432
Leasable Area
2018
Year Built

CONTACT US REGARDING THIS LISTING

John McNew

Senior Advisor

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present Dixie Lodge, a trophy medical rehabilitation facility located in Grand Blanc, MI. Comprised of 16,432 sf of clinical rehabilitation space, on over 3 Acres, the Dixie Lodge offers a unique opportunity for a new owner to purchase a 100% stabilized medical asset. Dixie Lodge is home to Dixie Lodge, LLC , and Level 11 Physical Therapy, LLC both of
which are subsidiaries of BrightSpring Health Services, one of the largest diversified health and human services provider in the U.S.

Both tenants operate on Triple Net Leases (NNN), whereby they are responsible for the reimbursement of taxes, insurance, and maintenance. Landlord is responsible for repair and replacement of the foundation, four outer walls, and roof. Dixie Lodge benefits greatly due to the superb location for this asset class and specifications. The positioning allows the Dixie Lodge to provide Grand Blanc, Flint, and the surrounding Genesee and norther Oakland County area with world-class inpatient and outpatient neurological rehabilitation services.

INVESTMENT HIGHLIGHTS
• 16,432 SF Class “A” Medical Rehabilitation Center | 100% Leased
• Both Tenants Subsidiaries of BrightSpring Health Services
• All Tenants Operate on Triple Net Leases | Annual Increases
• Population near 35,000 within a 5 Mile Radius
• Site Enjoys an Average Daily Traffic Count Greater Than 13,000
• Visible From I-75 (Average Daily Traffic Count Greater Than 50,000)