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Virtual Drive-By

Henry Ford Health System NNN

44200 Woodward Ave · Pontiac, MI 48341 · Hospital / Health System

Asking price
$5,199,890
Cap rate
6.75%
NOI
$350,993

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Lease

Lease typeNNN
Term remaining9.1 yrs
Expiration08/2035
Rent bumps1.5% Annually
Options2, 5-year
Ground lease—
Credit profile—
TenancySingle

Planning a 1031 Exchange

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Property

Building SF13,561
Price / SF$383
Year built2007
Lot size0.31 ac
TypeMedical Office
Days on market159

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Investment highlights

  • ​Investment Grade Guarantee – A+ Fitch rating; $9.6B revenue backing the lease.
  • ​Leading Operator – Established Michigan kidney‑care provider with 40+ years experience.
  • ​Growing Industry – Expanding dialysis demand driven by rising ESRD population.
  • ​Insulated from Macroeconomic Changes – ~89% of patients covered by government programs.
  • ​Nephrologist & Hospital Affiliation – Supported by Michigan’s largest nephrology group and nearby hospital.
  • ​No Early Termination or Kick-Out Clause – Secure income with no tenant termination rights.
  • ​NNN Structure – Tenant reimburses expenses; limited landlord responsibilities.
  • ​New 10-Year Extension – Recently extended; long-term tenant commitment.
  • ​Rent Growth – 1.5% annual rent escalations.
  • ​Near Large Hospital – Directly across from Trinity Health Oakland Hospital.
  • ​Strong Demographics – 167,000 residents within five miles; $143K+ average income.

Property overview

Northmarq is pleased to offer qualified investors the opportunity to acquire the condo interest in the land and building of a single-tenant dialysis clinic located at 44200 Woodward Avenue, Suite 109, Pontiac, Michigan, within the Lexus Professional Building.​ The property consists of 0.31 acres improved with a 13,561-square-foot medical office suite that was purpose-built in 2008 to the exact specifications of the tenant, Henry Ford Health System d/b/a Greenfield Health System.​ The site is strategically positioned directly across Woodward Avenue, which carries over 32,000 vehicles per day, from Trinity Health Oakland Hospital, a 497-bed community teaching hospital and Level II trauma center.​ The surrounding trade area features strong demographics, with more than 167,000 residents within a five-mile radius and average household income exceeding $143,000.​

The property is fully leased to Henry Ford Health System d/b/a Greenfield Health System, a leading healthcare provider in Michigan specializing exclusively in kidney care.​ The tenant has operated at this location since 2008 and recently executed a 10-year lease extension through August 31, 2035.​ The lease is structured as NNN and features 1.5% annual rent increases, providing stable and growing income with minimal landlord responsibilities.​ Current annual rent is $345,805, with the next scheduled increase to $350,993 effective September 1, 2026.​ Henry Ford Health System generated $9.6 billion in revenue and $542 million in net income in 2024 and holds an A+ credit rating from Fitch, offering investors long-term income security backed by an investment-grade healthcare system in the Detroit MSA.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.