ATI Physical Therapy · Ann Arbor, MI

ATI Physical Therapy NN+

4765 Jackson Rd · Ann Arbor, MI 48103 · Physical Therapy

Asking price

$2,699,000

Cap rate

7.26%

NOI

$195,966

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN+

Term remaining2.5 yrs

Expiration01/2029

Rent bumps2% Annually

Options(2) Five Year Options

Ground lease—

Credit profileNo Credit Rating

TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF8,200

Price / SF$329

Year built1986

Lot size—

TypeMedical Office, Storefront

Days on market107

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

National Tenant - ATI Physical Therapy is one of the largest outpatient rehabilitation providers in the U.S., with a strong national footprint, established brand recognition, and consistent patient demand driven by healthcare and wellness trends
Strong Ann Arbor Location - Situated in one of Michigan’s most desirable and affluent markets, Ann Arbor benefits from the presence of the University of Michigan, a highly educated population, and strong economic fundamentals supporting long-term real estate value
Prime Jackson Road Corridor - The property is located along Jackson Road, a major retail and commercial thoroughfare with excellent visibility, strong traffic counts, and proximity to national retailers, healthcare providers, and dense residential neighborhoods
Stable In-Place Income with Growth - The lease features 2% annual rent increases, providing steady NOI growth and a hedge against inflation
Remaining Lease Term with Options - Approximately 3 years remaining on the initial term with two (2) five-year renewal options, offering both near-term rollover opportunity and long-term upside potential
NN+ Lease Structure - Tenant is responsible for taxes, CAM, and insurance, with limited landlord responsibilities, providing passive ownership with reduced management obligations
Value-Add and Owner-User Potential - Shorter remaining lease term creates the opportunity to mark rents to market, re-tenant, or pursue an owner-user strategy depending on buyer objectives
Additional Income Potential - Lower level professional office space is currently available for lease, offering upside through additional income generation and lease-up opportunity

Take the next step on this property

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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.