2200 Market St - Hospitals FOR SALE
Charlestown, IN 47111 |
$43,886,000 USD
818-510-3158
2200 Market St
Charlestown, IN 47111
HIGHLIGHTS
- LONG-TERM, ABSOLUTE NNN LEASE – The hospital operates under a 15-Year Absolute NNN lease with zero landlord responsibilities.
- STEADY INCOME GROWTH WITH ANNUAL INCREASES – Built-in 2% rent escalations throughout the term and options hedge against inflation.
- MISSION-CRITICAL HEALTHCARE FACILITY – The nearest inpatient facility nearly a half-hour drive from the property.
- STUDS-OUT RENOVATION – The fully renovated property is expected to be delivered December 2025.
- 9.27% CAP RATE
FOR SALE DETAILS
PRICE
$43,886,000 USD
PRICE/SF
$497 USD /SF
CAP RATE
9.27%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
North Clark Community Hospital
PROPERTY TYPE
Health Care
PROPERTY SUBTYPE
Hospitals
ADD'L SUBTYPES
Rehabilitation Center
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
350
LAND DETAILS
LAND ACRES
10.23 AC
LAND SF
445,619 SF
ZONING
-
APN/PARCEL ID
10-18-15-500-021.000-004
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818-510-3158
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818-510-3158
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