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Oak Street Health

$3,888,800

3525 Saginaw Street, Burton, MI 48505

Active
Last Updated: 03/11/2025

6.62

Cap Rate

257,785

NOI

Details:
Cap Rate:    6.62%
NOI:    $257,785
Building Size:    10,900 sqft
Lot Area:    0.929 acres
Lease Type:    Double Net
Year Built:    1998
Tenancy:    Single
Highlights:
  • Oak Street Health has 9 years, 7 months remaining on the Lease with 2% Annual Increases.
  • Corporate guarantee from CVS Health which has a S&P Rating of BBB & revenues of $357.8 Billion. CVS acquired Oak Street Health May 2023.
  • Oak Street Health operates 204 locations in 25 states. Oak Street Health is a leading provider of primary care for adults on Medicare. By integrating CVS Health's pharmacy services and MinuteClinic locations into Oak Street Health centers, patients can access a wide range of healthcare services all under one roof.
  • Oak Street Health is located along South Saginaw Street where traffic counts average 19,505 vehicles per day. Interstate 75 has an impressive flow of 103,713 vehicles per day which serves as a vital artery, connecting Burton to nearby cities and contributing to its growth and accessibility.
  • Strong demographics with a 5-mile population of 131,328 and average household income of $69,541.
  • Near General Motors Flint Assembly which has produced more than 15 million vehicles. General Motors is one of Michigan’s major employers which has locations in Burton as well as Flint which is the birthplace of General Motors.
  • Nearby retailers include Kroger, McDonalds, Taco Bell, Ashley Outlet, Rocky’s Great Outdoors, Rite Aid, Dollar General, PetSmart, DSW, and much more.
  • Burton conveniently located between major metropolitan areas including Lansing (55 miles), Ann Arbor (52 miles), and Detroit (65 miles).
Description:

Nestled within Genesee County’s sprawling landscapes, Burton paints a vivid picture of Michigan’s industrious spirit, coupled with its warm community essence. It’s a city that thrives on its historical depth, modern aspirations, and an unyielding drive to forge a brighter future for its residents.

Burton conveniently located between major metropolitan areas including Lansing (55 miles), Ann Arbor (52 miles), and Detroit (65 miles). Oak Street Health sits prominently along South Saginaw Street, benefitting from a bustling thoroughfare with an average daily traffic count of 19,505 vehicles. The nearby Interstate 75 further amplifies accessibility, boasting an impressive flow of 103,713 vehicles per day, linking Burton to neighboring cities and enhancing its growth potential.

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Documents:
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Oak_Street_Health_-_Burton__MI_MP.pdf
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