Midwest Vision Partners 2025 10Year Lease Extension — Sale in Jackson, MI

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

Investment Figures

Cap rate
7.51%

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

Single-Tenant net lease medical office property with over eight and a half years of primary lease term remaining. Practice was acquired by Midwest Vision Partners in 2020. There's strong commitment to the location. The roof was completely replaced at the end of 2024. The lease was extended for 10 years in February of 2025. The practice has been operating out of the same property for over 40 years, and presently has over five providers to sustain patient demand. Investment Highlights: • Triple Net Lease Structure - Passive Ownership - Roof was replaced in 2024 • 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 • Recent 10-year Lease Extension Commenced in February 2025 - Features 2.5% Annual Rental Increases Throughout Term • Significant Historical Occupancy - Specialty Eye Institute has been at the location for 40 years, and it is the original location for the practice • Strong Growth within Eye Care Industry - The Eye Care Industry is Experiencing Robust Growth, with U.S. Market Value Projected to Reach $33.40 Billion by 2028 Growth is Driven by an Aging Population, Increased Digital Screen Usage, and High Demand for Specialized Services • Jackson Michigan is a Regional Healthcare Hub Serving Surrounding Communities - Henry Ford Jackson Hospital (420 beds) anchors the local system - Sustained healthcare growth as more providers move into town every year for residency and training programs

Market Context

This retail in Jackson, MI is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Jackson, MI — view the full market.

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