20 Alpine Dr - Retail FOR SALE


Batesville, IN 47006
$1,440,000 USD
317-218-5316
20 Alpine Dr, Batesville, IN for Sale
$1,440,000 USD
Retail - FOR SALE
1/4
null | 7.5% Cap Rate

20 Alpine Dr
Batesville, IN 47006


HIGHLIGHTS

  • Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
  • Experienced Medical Doctor Operating at this Location Since 2004
  • 7 Year Base Lease Term with Two, Five-Year Options to Renew
  • 2% Annual Rental Increases During Base Term and at Each Renewal Option Period
  • Limited Market Competition-Only Urgent Care Facility in Batesville

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale the AccuDoc Urgent Care in Batesville, Indiana. The Property will feature a brand-new, 7-year passive lease that will commence upon close of escrow and will offer 2% annual rental increases during the initial base term with two, five-year option periods. The tenant is responsible for common area maintenance, property taxes, insurance and all exterior repairs & maintenance to the building; offering a complete zero landlord responsibility passive investment. The operator is highly experienced and has been operating their practice in this market since 2004. The offering is the perfect investment opportunity for any passive investor looking for quality real estate with a long-term lease in place with zero landlord responsibilities with an experienced medical operator.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AccuDoc Urgent Care

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

-

APN/PARCEL ID

24-13-17-401-002.000-015

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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