MidWest Vision Partners | 13.5-Year Lease | 2.5%… — Sale in Jackson, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Jackson, MI 49202

Photos

MidWest Vision Partners | 13.5-Year Lease | 2.5%… — Sale in Jackson, MI, photo 1 of 5
MidWest Vision Partners | 13.5-Year Lease | 2.5%… — Sale in Jackson, MI, photo 2 of 5
MidWest Vision Partners | 13.5-Year Lease | 2.5%… — Sale in Jackson, MI, photo 3 of 5
MidWest Vision Partners | 13.5-Year Lease | 2.5%… — Sale in Jackson, MI, photo 4 of 5
MidWest Vision Partners | 13.5-Year Lease | 2.5%… — Sale in Jackson, MI, photo 5 of 5

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1116 W Ganson St, a single-tenant net leased medical office property in Jackson, Michigan. This 13,020 square foot facility is fully occupied by Specialty Eye Institute, part of Midwest Vision Partners, a premier eye care platform backed by Alpine Investors with $18.9 billion in assets under management. The property offers investors a triple net lease structure with 13.5 years remaining on the lease term, featuring 2.5% annual rental increases throughout the term. The property features a recently replaced roof in 2024 and a new HVAC system being installed in Fall 2026. Specialty Eye Institute has maintained a significant presence at this location for over 40 years, representing the original location for the practice. The investment is supported by strong fundamentals in the eye care industry, which is experiencing robust growth with U.S. market value projected to reach $33.40 billion by 2028. Investment Highlights: • Recent Lease Extension Effective in August 2026 ? Total of 13.5 Years Remaining in the Lease ? Features 2.5% Annual Rental Increases Throughout Term • Triple Net Lease Structure - Passive Ownership ? Roof was replaced in 2024 ? New HVAC Being Installed Fall 2026 • Growing Practice with Strong Presence and Backing by Alpine Investors ? Specialty Eye Institute Acquired by Midwest Vision Partners in 2020 ? Alpine Investors has $18.9 billion AUM • Significant Historical Occupancy ? Specialty Eye Institute has been at the location for 40 years, and it is the original location for the practice

Market Context

This office in Jackson, MI is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Jackson, MI — view the full market.

Contact

Explore this market

Similar Office for Sale in Jackson, MI