8984 E US Highway 20 - Medical FOR SALE


New Carlisle, IN 46552
$1,994,000 USD
404-504-7900
8984 E US Highway 20, New Carlisle, IN for Sale
$1,994,000 USD
Medical - FOR SALE
1/9
null | 6.25% Cap Rate

8984 E US Highway 20
New Carlisle, IN 46552


HIGHLIGHTS

  • The subject property is a critical, recession-resistant asset providing essential family medicine and primary care services in New Carlisle, IN.
  • Population of 8,245 and average household income of $101,946 within a 5-mile radius.
  • 2% annual rent increases throughout the term and in the five, 5-year renewal options.
  • Situated 14 miles west of South Bend.

OVERVIEW

Situated 14 miles west of South Bend, The South Bend Clinic is positioned along County Line Road (2,214 VPD), where it is feet from the intersection with US-20 (5,980 VPD) and 2 miles north of IN-2 (18,380 VPD). Commenced in 2021, the absolute NNN lease features ±15.8 years of primary term remaining with 2% annual rent increases throughout the term and in the five, 5-year renewal options. Rent in the fourth and fifth options is initially set to Fair Market Rental Value. South Bend Clinic is adjacent to Northwest Medical Group and is across from CVS, New Carlisle Animal Clinic, 1st Source Bank, and Dollar General Market.

FOR SALE DETAILS

PRICE

$1,994,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The South Bend Clinic: New Carlisle, IN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

-

APN/PARCEL ID

46-04-33-277-018.000-050

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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