613 W Lincoln Rd - Medical FOR SALE


Kokomo, IN 46902
$1,780,000 USD
317-410-8788
613 W Lincoln Rd, Kokomo, IN for Sale
$1,780,000 USD
Medical - FOR SALE
1/16
null | 7.5% Cap Rate

613 W Lincoln Rd
Kokomo, IN 46902


HIGHLIGHTS

  • New 10-Year NNN Lease
  • 2.5% Annual Rent Increases
  • Corporate Guarenty
  • Three 5-Year Renewal Options
  • Minimal Landlord Responsibilities

OVERVIEW

The DiSalvo Group, in cooperation with Cresa, is pleased to present the opportunity to acquire a single-tenant medical office investment located at 613 W. Lincoln Road in Kokomo, Indiana. The 6,873-square-foot property is 100% leased to Team Rehabilitation Physical Therapy, an established outpatient physical and occupational therapy provider. The property benefits from an established healthcare use and a convenient location serving Kokomo and the surrounding Howard County market. Team Rehabilitation recently executed a new 10-year NNN lease featuring 2.5% annual rent increases, three additional five-year renewal options, and a corporate guaranty. The long-term lease commitment, contractual rent growth, and limited landlord responsibilities provide investors with durable cash flow and an attractive single-tenant healthcare investment.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Team Rehabilitation Physical Therapy

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

Commercial

APN/PARCEL ID

34-09-12-327-018.000-002

ASK ABOUT THIS PROPERTY

Joseph DiSalvoThe DiSalvo GroupMore Info
317-410-8788

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Joseph DiSalvoThe DiSalvo GroupMore Info
317-410-8788

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