10830 N Michigan Rd - Medical FOR SALE


Zionsville, IN 46077
$9,780,000 USD
925-212-7254
10830 N Michigan Rd, Zionsville, IN for Sale
$9,780,000 USD
Medical - FOR SALE
1/8
null | 6.56% Cap Rate

10830 N Michigan Rd
Zionsville, IN 46077


HIGHLIGHTS

  • 1.25% Buyside Broker Co-op Fee
  • Ideal 1031 Exchange Property | 14+ Year Absolute NNN Lease to the Hamilton County Owned Health System
  • Hamilton County Holds a AAA Credit Rating
  • 24/7 ER/Urgent Care with CT, X-Ray, Ultrasound, EKG and Lab Services | Expensive/Specialized Buildouts and Equipment
  • Very Attractive Demographics | $172K Household Incomes | Premier Suburban Area of Indianapolis

OVERVIEW

Acuity Private Capital is pleased to present this highly specialized 14+ year, single-tenant, absolute NNN ER/Urgent Care property, located at 10830 N Michigan Rd in Zionsville, IN. The subject property is 10,811 SF and it was a build-to-suit project for Riverview Health (wholly owned by Hamilton County - AAA credit rated) and their minority JV operating partner Intuitive Health in 2020. This class A property features: trauma/ER/urgent care beds, an on-site laboratory, on-site CT scan, X-ray, ultrasound & EKG, emergency room physician staff, 24/7 ER services & urgent care services 7 days a week from 7 AM-10 PM. The subject property is additionally located in one of the wealthiest areas in the state of Indiana, with $172K household incomes. This very rare long-term NNN hospital leased investment is an ideal 1031 exchange property, offering an investor stability, attractive initial and long-term yields, and no landlord responsibilities.

FOR SALE DETAILS

PRICE

$9,780,000 USD

PRICE/SF

$502 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Riverview Health ER/Urgent Care | 14+ Yr NNN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

29-13-06-000-030.103-018

ASK ABOUT THIS PROPERTY

Alex VidalAcuity Private CapitalMore Info
925-212-7254

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Alex VidalAcuity Private CapitalMore Info
925-212-7254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.