1732 W North St - Freestanding FOR SALE
Kendallville, IN 46755 |
1732 W North St
Kendallville, IN 46755
HIGHLIGHTS
- Newer Medical (2022) Construction, State-of-the-Art Fast Pace Urgent Care Location: Long-Term, NNN Lease with Approx. 13.5 Years of Term Remaining
- Multiple 10% Rental Increases, Offering Continual Income Growth & Taking the CAP Rate to 7% by Year 2027 and 7.7% CAP in Year 2032
- No Daily Management Responsibilities: Tenant Responsible for All Daily Mgmt, Real Estate Taxes & Insurance w/ Growing National Tenant (275+ Locations)
- Corporately Backed, Single-Tenant Location with Sought-After Well-Known National Tenant (275+ Current Locations in 6 States)
- Growing Community Targeted Medical Necessity: Ideal Demographics: Average Household Incomes of Approximately $93,000 Within a 1-Mile Radius
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
New 15 Yr Fast Pace Urgent Care| Rental Bumps
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront Retail/Office, Medical
TOTAL BUILDING SIZE
3726
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
57-07-30-200-031.000-020
