7310 W Lincoln Hwy - Office FOR SALE


Crown Point, IN 46307
$2,250,000 USD
317-218-5316
7310 W Lincoln Hwy, Crown Point, IN for Sale
$2,250,000 USD
Office - FOR SALE
1/4
null | 13.38% Cap Rate

7310 W Lincoln Hwy
Crown Point, IN 46307


HIGHLIGHTS

  • Offered at an attractive 13.38% CAP Rate, providing strong current cash flow rarely found with investment-grade credit tenants
  • Backed by an "AA" Fitch-rated healthcare system operating 12 hospital campuses and over 300 care sites throughout Indiana, Illinois and Michigan
  • Franciscan has continuously occupied the building since its construction in 2006, demonstrating the property's long-standing importance
  • Minimal landlord oversight required; the tenant reimburses for real estate taxes, insurance, and CAM, allowing for an optimized passive investment

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to exclusively offer for sale the single-tenant net-leased specialty medical office investment leased to Franciscan Alliance, Inc., one of the Midwest's premier investment-grade healthcare systems. The offering presents a compelling opportunity to acquire a well-located outpatient medical asset while generating a 13.38% CAP rate during the remaining lease term. Backed by an "AA" Fitch-rated healthcare system, the property combines institutional-quality tenancy with a rare double-digit going-in yield. The offering provides investors with strong current income while preserving multiple exit strategies, including lease extension with Franciscan Alliance or future repositioning to another medical or specialty user. Offered at approximately $168 per square foot, the acquisition basis is significantly below today's estimated replacement cost for a comparable outpatient medical facility, creating meaningful intrinsic value and helping mitigate downside risk.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

13.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franciscan Health Medical Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

-

APN/PARCEL ID

45-11-14-376-001.000-036

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.