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.