Marcus & Millichap is pleased to present the Lakeland Medical Office building in Fond du Lac, Wisconsin. This 42,400-square foot two tenant medical office building is 92%-leased with anchor tenants being Lakeland & Heartland Medical. Lakeland is under a desirable triple net lease structure witch pays 70% of taxes , insurance, & CAM. Lakeland takes up 79% of the center. Lakeland has been in the space since 2009 and is a non-profit with over 1,000 local providers around the state of Wisconsin. This is also the corporate headquarters for Lakeland. Heartland is a home visit hospice service and this branch serves 13 different counties in Wisconsin. Heartland has been in the space since 2015 and lease doesn’t come up for renewal until 8/31/27.The property boasts strategic parcel positioning, just off Highway 41 and State Highway 23 seeing over 24,000 vehicles per day. Property sits roughly 3 miles west of SSM Hospital an just north of Fond du Lac airport. The subject site features 4 tenant spaces with Lakeland main office space taking up over 79% of the center that had an extensive renovation to include offices, labs, kitchen and lobby area. Population in a 3-mile radius is roughly 40,000 with a positive population growth over last 10 years . . In close proximity to Aldi, Culvers, Menard's, many auto dealership, hotels, restaurants....This property offers an investor the opportunity to acquire a fully stabilized, net leased medical office asset backed by area’s most prominent community healthcare provider.
