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Concentra Health Services

$3,741,760

39333 Van Dyke Ave, Sterling Heights, MI 48313

Active
Last Updated: 04/28/2025

6.5

Cap Rate

243,360

NOI

Details:
Cap Rate:    6.5%
NOI:    $243,360
Building Size:    12,470 sqft
Lot Area:    2.8 acres
Class:    C
Year Built:    1974
Floors:    1
Highlights:
  • Concentra Recently Extended Their Lease for 10+ Years, Highlighting Their Commitment to the Property
  • Annual 3% Rent Increases Offer a Hedge Against Inflation and Provide Automatic NOI Growth
  • Van Dyke Avenue Delivers Over 64,000 Vehicles Per Day Past This Location, On Average
  • Subject Property Ranks on Placer as the 40th Busiest Concentra Location in the Nation - Top 10 Percentile of Clinics
  • Concentra is the Largest Provider of Occupational Health Services in the United States, Servicing 100% of the Fortune 100 and 95% of the Fortune 500 With Contracted Medical Services
  • Concentra (NYSE:CON) Generated Over 1.9 Billion in Revenue in 2024
  • Sterling Heights is the Second Largest Suburb of Detroit & Fourth Largest City in Michigan by Population
  • Close Proximity to Ford's Expanded Van Dyke Electric Powertrain Center Hosting and Ford's Sterling Axle Plant, Employing Over 3,700 Employees Within 3-Mile of the Site.
  • Over 17,400 Manufacturing Employees Work Within a 5-Mile Radius
Description:

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Sterling Heights is a city in Macomb County, Michigan, and one of Detroit's core suburbs. The city is located 25 miles north of Detroit, Michigan's largest city. As of the 2020 Census, the city had a total population of 134,346. It is the second largest suburb in Metro Detroit, and the fourth largest city in Michigan.

Macomb County is located in the eastern portion of Michigan, bordering Lake St. Clair, and is part of northern Metro Detroit. As of the 2020 Census, the population was 881,217, making it the third-most populous county in the state. The county seat is Mt. Clemens. Macomb County is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. The city of Detroit is located south of the county's southern border. Macomb County contains 27 cities, townships and villages, including three of the top ten most-populous municipalities in Michigan as of the2010 census: Warren (#3), Sterling Heights (#4)and Clinton Township (#10). Most of this population is concentrated south of Hall Road (M-59), one of the county's main thoroughfares.

Located in southeast Michigan, Macomb County is 483.7 square miles. Adjacent counties include Wayne (south), Oakland (west), Lapeer (northwest) and St. Clair (northeast). Lake St. Clair lies directly east of Macomb County, with 32 miles of coastline comprising part of the county’s eastern border. Thirty-one miles of the Clinton River traverse through the county. Macomb County is home to a dynamic network of more than 18,000 businesses that are fueling the county’s economic resurgence. With sound infrastructure and a skilled workforce, Macomb County supports growing industries in advanced manufacturing, automotive, defense, health care, retail, agriculture, food processing and more.

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