For Sale

BrightSpring Health Services  |  Holly, MI

$4,455,000  |  8.50% Cap

10483 Dixie Highway, Holly, MI 48442

A white building with a blue awning and the word davita on it

Exclusively Listed By:


Nathan Huffman


(972) 865-7991 | nathan@phnlg.com


Broker of Record: Brian Brockman | Bang Realty-Michigan, Inc. | MI License #: 6502428679

Investment Highlights

 

- 4.5 Years of Average Lease Term Remaining


- Both Tenants are Subsidiaries of BrightSpring Health Services


- 16,432 SF Medical Facility on 3 Acres



 

A white building with a blue awning and the word davita on it
Facility Type Building Area (SF) Years Remaining Net Operating Income
Two-Tenant

16,432 Square Feet

 		4.5 Years (WALT) $378,695
A brown two-story building with stone accents, a sloping lawn, and a partly cloudy sky.
A brown building with a stone facade, tower, and chimney sits on a slight hill under a blue sky. A curved driveway leads to the entrance.
Brown and stone building with a tower and covered entrance, set against a blue sky with trees.
A light-colored commercial building with a flat roof, featuring a central entrance, windows, and landscaping. A red tree is in the front yard.
Exterior of a modern building with brown wood siding and a stone entrance under a wooden canopy.
Top-down view of a building and property with a parking area, trees, and a small pond, bordered by a road and a red outline.

Investment Overview

Peranich Huffman Net Lease Group, in conjunction with InCommercial Property Group, are pleased to present for sale, the Dixie Lodge & Level 11 Physical Therapy medical facility located in Holly, Michigan.


The offering provides an opportunity to acquire a 16,432 square foot healthcare asset on a 3-acre parcel. The property is 100% occupied and leased to two strong tenants: Dixie Lodge Living & Wellness, and Level 11 Physical Therapy, LLC, both subsidiaries of BrightSpring Health Services, one of America's leading health and human services providers. Dixie Lodge has 3.5 years remaining on their current lease term, whereas, Level 11 has 5.5 years remaining, combining for an average of 4.5 years of lease term remaining. The investment is secured by Triple Net (NNN) lease structures, where both tenants bear responsibility for expenses related to taxes, insurance, and maintenance costs, limiting landlord obligations to the structural elements (foundation, exterior walls, and roof).


Built in 2018, the facility's prime location allows it to serve as a regional hub for advanced neurological rehabilitation, drawing patients from Grand Blanc, Flint, and communities throughout Genesee and northern Oakland counties.