MichiganHealthcare Hanley Investment Group sells pair of healthcare centers April 11, 2018 Share on Facebook Share on Twitter Share on LinkedIn Share via email Hanley Investment Group Real Estate Advisors completed the sale of two single-tenant corporate MedExpress urgent healthcare centers in an off-market transaction. The properties are located in Bentonville, Arkansas, and Jackson, Michigan. The purchase price for the two locations was $4.45 million, representing a blended cap rate of 6.33 percent. Hanley Investment Group Associate Austin Blodgett and Executive Vice President Eric Wohl represented the buyer, a private investor from Los Angeles and the seller, a national real estate investment trust. The single-tenant properties totaling 9,799 square feet were built in 2014 and had an absolute triple-net, corporate-backed leases with more than seven years remaining on the initial lease term with rent increases every five years. Late last year, Blodgett and Wohl arranged the sale of a 4,716-square-foot building single-tenant MedExpress located on 0.48 acres along one of Battle Creek’s main retail corridors in Battle Creek, Michigan. The purchase price was more than $1.8 million.