2408 10th St - Aurora Health Care 4,540 SF Health Care Building Offered at $3,332,784 CAD at a 7.24% Cap Rate in Menominee, MI 49858

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Aurora Health Care property located in Menominee, Michigan. The property was a built-to-suit for the medical tenant in 2018. Aurora Health Care is operating on a long-term lease through September 2038. The lease contains 1% annual rental escalations throughout the primary term and four 5-year renewal options. This location is used as a primary care facility where family medicine physicians provide health care services for patients of all ages.
The 4,540 square-foot property bene?ts from its position along 10th Street, which carries US Route 41, a primary north-south transportation corridor connecting the Menominee–Marinette metropolitan area to Green Bay, Wisconsin approximately 60 miles to the south. Adding to this regional draw, the twin cities of Menominee, MI and Marinette, WI are connected by three bridges across the Menominee River, creating a uni?ed dual-state trade area that captures patients and economic activity from communities across both states. The property further bene?ts from its proximity to Fincantieri Marinette Marine, a major U.S. Navy shipyard that has invested more than $800 million in facility upgrades and employs approximately 2,700 workers, generating a substantial and concentrated demand driver for area healthcare services. Lastly, the region is supported by a robust workforce pipeline through the University of Wisconsin–Green Bay Marinette Campus and Northeast Wisconsin Technical College (NWTC) Marinette Campus, bolstering long-term healthcare employment development across the trade area.
Aurora Health Care is a not-for-pro?t integrated health care system that has served communities in eastern Wisconsin and northern Illinois since its founding in 1984 through the merger of St. Luke’s Medical Center and Good Samaritan Medical Center in Milwaukee. It grew into a major regional provider before merging with Illinois-based Advocate Health Care in 2018 to form Advocate Aurora Health and subsequently combining with Atrium Health in 2022 to create Advocate Health, now the third-largest nonpro?t integrated health system in the United States. Operating under the Aurora Health Care brand, it delivers comprehensive patient-centered care through 18 hospitals, more than 150 clinics, and 70 pharmacies across 30 communities, supported by thousands of physicians and nurses focused on high-quality services including primary care, specialty medicine, emergency care, and wellness programs.