2408 10th St - Aurora Medical Group

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Advocate Aurora Health property located in Menominee, Michigan. The property was a build-to-suit for the medical tenant in 2018. The lease features over 14 years of primary term remaining and contains 1% annual rental escalations. There are four 5-year renewal options as well. This location provides family medicine and lab testing. Aurora Bay Area Medical Group is part of Advocate Aurora Health, which is investment grade (Moody’s: Aa3).
The 4,540 square foot building is located along 10th Street which is a primary thoroughfare for the area and experiences over 18,900 vehicles per day. Retailers in the area include Burger King, True Value, Perkins, Little Caesars Pizza, Dollar General, A&W, Shell, McDonald’s, & Taco Bell. The property is also one mile from the Menominee-Marinette Regional Airport and across from the Menominee Fire Department. There are 22,872 people living within five miles of the property earning an average annual household income of $65,560.
Aurora got its start in 1984 when two established Milwaukee hospitals, St. Luke’s Medical Center, and Good Samaritan Medical Center, came together to form Aurora Health Care. In 2018, Aurora Health Care merged with Advocate Health Care of Illinois to form Advocate Aurora Health, one of the top 12 not-for-profit health systems in the country. Today, Aurora is an integrated, not-for-profit health care provider serving communities throughout eastern Wisconsin and northern Illinois. They serve our patients with 16 hospitals, more than 150 clinics and 70 pharmacies in 30 communities.