1796-1800 W Caro rd | Caro, MI 48723
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1796-1800 W Caro rd
Caro, MI 48723
McLaren Caro Region Medical · Office Property For Sale
Investment Highlights
- Newly Opened 42,000 SF Regional Medical Center - 6 Specialties & Pharmacy with Drive-Thru | Certificate of Need (CON) for Imaging.
- Weighted Average Lease Term (WALT) of Over 9 Years.
- 2 Miles from McLaren Caro Hospital (25 Beds).
- 100% Occupied by 8 Tenants Operating on NNN Lease Terms - Most Containing 3% Annual Rent Increases.
- Anchored by McLaren Bay Region - 45.7% GLA - Subsidiary of McLaren Health Care: 13 Hospitals in Michigan ($6.6B Revenue).
- 2 Miles from Newly Opened $85 Million - 130,000 SF State Psychiatric Hospital (100 Beds).
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
41,938 SF
Building Class
C
Year Built
2022
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
41,938 SF
Building FAR
0.27
Lot Size
3.52 AC
Zoning
C-1 - Commercial
Parking
32 Spaces (0.76 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
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