2509 Chester Blvd - Medical FOR SALE


Richmond, IN 47374
$3,426,500 USD
216-292-7006
2509 Chester Blvd, Richmond, IN for Sale
$3,426,500 USD
Medical - FOR SALE
1/6
null | 5.65% Cap Rate

2509 Chester Blvd
Richmond, IN 47374


HIGHLIGHTS

  • Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2025 Construction
  • Outparcel to Meijer and Surrounded by National Tenants, Including Chipotle, McDonald's, CVS Pharmacy, and Wendy's
  • Down the Road from 800,000-Square-Foot Reid Hospital Regional Medical Center with 189 Beds and Approximately 3,500 Employees
  • Adjacent to Approximately 5,100 Students at Indiana University East, Ivy Tech Community College, and Purdue Polytechnic University

OVERVIEW

Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support. The city of Richmond is located on the Ohio/Indiana border, roughly 70 miles east of Indianapolis and 40 miles west of Dayton. With over 35,700 residents, Richmond is the most populous city in, and the county seat of, Wayne County.

FOR SALE DETAILS

PRICE

$3,426,500 USD

PRICE/SF

$779 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental | 12-Yr Abs NNN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

ZO01

APN/PARCEL ID

46-21-000-107.120-29

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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