Vivent Health | Highland Park, MI (Detroit MSA)

Get in touch

555-555-5555

mymail@mailservice.com

Investment Highlights

Absolute Net Lease

Vivent Health operates at the subject property under an absolute net lease, whereby the tenant maintains complete responsibility for all expenses, including utilities, repairs, insurance, taxes, and all other operating costs. The absolute net lease structure eliminates landlord expense obligations while providing predictable and passive cash flow.

Proximity to Downtown Detroit

The subject property benefits from its strategic location in Highland Park, 3 miles north of Detroit's central business district, offering convenient access to major regional employers, cultural institutions, and the area's growing healthcare corridor along Woodward Avenue.

Tenant Funded Renovations

The facility is currently undergoing a comprehensive renovation, with approximately $2 million in tenant-funded improvements underway. Rent has commenced, and the renovations are expected to be completed in August 2025.

Strong Population Density

The subject property is positioned in a densely populated area of Michigan, with 345,000 residents within a 5-mile radius, providing a large customer base for Vivent's services.

Rent Escalations

The Vivent Health lease provides for 3.00% annual rent escalations beginning in the 6th lease year and continuing throughout the first (2) 5-year option periods.

Facility Type	Building Area (SF)	Years Remaining	Net Operating Income
Single Tenant	15,500 Square Feet	9.5+ Years	$209,250

An aerial view of a deroit with a red sign that says vivent health.

An aerial view of a vivent health building with a parking lot in front of it

The front of a vivent health building with a blue awning

Investment Overview

Peranich Huffman Net Lease Group is pleased to exclusively offer for sale the Vivent Health facility located in Highland Park, Michigan. Priced at a 7.25% capitalization rate, this opportunity allows investors to acquire a healthcare asset leased to a nationally recognized, mission-driven medical provider with a long-standing presence in the HIV care and prevention space.

The subject property is a 15,550 square-foot medical facility currently undergoing a comprehensive renovation, with approximately $2 million in tenant-funded improvements underway. Rent has commenced, and the renovations are expected to be completed in August 2025. Located approximately 3 miles north of Detroit's central business district, the property benefits from strategic placement within a robust healthcare corridor.

Nearby institutions include Henry Ford Hospital—a major regional medical center—as well as Henry Ford Medical Center – New Center One, Detroit Medical Center, and Detroit Receiving Hospital. The area also features a wide range of specialized medical practices and outpatient clinics serving the broader Detroit metropolitan region.

Vivent Health has over 9.5 years remaining on its primary lease term. The lease includes 3.00% annual rent escalations beginning in year six, with the same escalation schedule continuing through the first two (5-year) renewal option periods. Structured as an absolute net lease, the agreement places full financial responsibility for all property-related expenses on the tenant, with no landlord obligations.

Founded in 1985, Vivent Health is a non-profit organization and one of the nation’s largest providers of integrated HIV care, prevention, and treatment services. Headquartered in Milwaukee, Wisconsin, the organization operates across 17 locations and employs over 400 healthcare professionals. Vivent Health has been designated by the Centers for Medicare and Medicaid Services as the nation’s only HIV Medical Home and has maintained a national reputation for clinical excellence and community-based care for over four decades.