24725 Jefferson Ave
Saint Clair Shores, MI 48080
Bureau Propriété À vendre

Situated along the iconic Nautical Mile, 24725 Jefferson Avenue presents an exceptional investment opportunity within one of Metro Detroit’s most established waterfront corridors. This fully occupied medical office asset is anchored by Henry Ford Health, one of the region’s most respected and investment-grade healthcare providers with over 250 statewide locations. The tenant has operated at this address since 1988, demonstrating remarkable longevity, stability, and mission-critical use. The property benefits from a strategic location along a major arterial route that carries more than 20,000 vehicles per day, connecting local residents, boaters, and visitors to downtown Detroit just 13 miles south.
The offering delivers secure, predictable income through a long-standing NN lease structure in which Henry Ford Health assumes responsibility for nearly all operating expenses including taxes, insurance, and interior/exterior maintenance of all appurtenances. Landlord obligations are limited to the roof, structure, HVAC, and parking areas, providing investors with a passive, hands-off ownership experience. The lease runs through May 2028 with consistent flat rent, and the tenant holds a right of first refusal, emphasizing their commitment to the site.
Positioned on 1.08 acres with 78 dedicated parking spaces, the property is surrounded by a strong consumer base including more than 235,000 residents within five miles and over 724,000 within ten miles. The area’s high household incomes, coupled with ongoing reinvestment along the Nautical Mile and Henry Ford’s own multi-billion-dollar regional expansion, strengthen long-term demand for healthcare services in this market. Extensive medical-grade improvements, imaging center buildouts, and a broad spectrum of patient services further reinforce the site’s operational importance to the tenant.
Offering a cap rate of 7.34 percent and backed by the credit strength of a nationally recognized healthcare system, this asset represents a rare opportunity to acquire a durable income stream in a top-performing suburban Detroit submarket