Marcus & Millichap is pleased to present this 15+ year single tenant absolute NNN ER/Urgent Care property, located at 14585 Hazel Dell Parkway in Carmel, IN. The subject property is a 11,845 SF medical building, that was a build to suit project for Riverview Health and their operating partner Intuitive Health in 2020.
This highly specialized class A property features: 2 trauma beds, ER/urgent care beds, an on-site laboratory, on-site CT scan, X-ray, ultrasound & EKG, emergency room physician staff, 24/7 ER services & urgent care services 7 days a week from 7 AM-10 PM. The building is additionally located in one of the wealthiest areas in the state of Indiana, with $217K+ average household incomes within a 1 mile radius of the subject property.
This very rare long term hospital leased deal is an ideal 1031 exchange property, offering an investor stability, an attractive 6.91% average cap rate over the initial lease term and absolutely zero landlord responsibilities.