Marcus & Millichap is pleased to offer for sale McLaren Caro Region Medical. The medical clinic opened in 2022 and is located at 1796-1800 W. Caro Road (M-81) in Indianfields Township, just south of Caro, Michigan in the Bay/Thumb region. The two buildings have a combined gross leasable area of approximately 41,938 square-feet. The main building is occupied by McLaren Health, three medical specialists, and a pharmacy in addition to a general contractors office and wound care clinic located on the second floor. The 6,592 square-foot out-building is occupied by Renue Physical Therapy (a McLaren subsidiary) and TM Chiropractic. Together, McLaren and Renue Physical Therapy comprise 57.62 percent of the total GLA. All leases are triple-net, with most containing two to four percent annual rent increases.
The property is located two miles south of McLaren Caro Hospital, a 25-bed critical access hospital. Also two miles away, is a newly opened $85 million, 130,000 square-foot state psychiatric hospital (100 beds). There is national retail within the area including Walmart, Tractor Supply Company, Aldi, Marshalls, Ollie's Bargain Outlet, O'Reilly Auto Parts, and others.