MI dental practice abs. NNN

[Dan Cahill]

I see a lot of healthcare properties (dentists, eye dr., etc.) listed by Matthews.  As an example is one below, been sitting on the market for 167 days.  Located off the beaten path in MI, so not a hot location.  But 3% annual rent increases, 10 years left on lease term, solid tenant, cap rate 6.75%.  This is just one example of a number of stale medical properties listed.  Other than mediocre location, what am I missing?

Also, any overall thoughts on the medical property space, which interests me because people need healthcare in person regardless of economy, so more recession-resistant I would think.  

https://www.matthews.com/prope...

[Darren Flater]

Dan I am interested in this as well. Looks to me like a lot of these types of properties dont have a hot demand based on price and return. I think these would be good properties to add to a growing portfolio to add diversity. Commercial properties can sit for longer periods just because there are not as many people pursuing them. Definitely do some more digging but this could be a good opportunity to pick up a nice stable property.