14911 In-23 - Auto Repair FOR SALE


Granger, IN 46530
$1,925,000 USD
773-219-0964
14911 In-23, Granger, IN for Sale
$1,925,000 USD
Auto Repair - FOR SALE
1/10
null | 7.26% Cap Rate

14911 In-23
Granger, IN 46530


OVERVIEW

TENANT & INDUSTRY: ESTABLISHED & GROWING OPERATOR – The anchor tenant is part of Our Best Life Companies, a rapidly expanding dental support organization (DSO) with 15 locations. RECESSION-RESISTANT ASSET – Healthcare real estate remains a highly sought-after investment due to its stability, strong tenant retention, and insulation from economic downturns and e-commerce disruption. SUCCESSFUL INDUSTRY – The dental market is projected to grow at a 7.4% CAGR from 2022-2029 (Fortune Business Insights), ensuring longterm demand for dental services. PROPERTY & LOCATION: HIGH TRAFFIC LOCATION – Positioned directly off Highway 23, this property benefits from strong visibility and accessibility, just five minutes from a major shopping mall featuring national tenants such as Macy’s, Sephora, Olive Garden, Best Buy, Costco, and Target. VALUE ADD POTENTIAL – The office building included in the sale features partial vacancy and all gross leases with no option periods, presenting a prime opportunity to increase cash flow through lease restructuring, converting to NNN leases, or securing long-term tenants at market rates. This flexibility allows investors to unlock additional value and enhance overall asset performance. HOSPITAL PROXIMITY – The Beacon Granger Hospital is less than a mile from the subject property. 2% ANNUAL RENTAL INCREASES – The anchor tenant lease features 2% annual rent increases, providing investors with growing cash flow and a hedge against inflation. TENANT INVESTMENT IN LOCATION – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving. Broker of Record Kyle Matthews License No. RC52200195 (IN)

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Granger Dental & Orthodontics (OBL)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Day Care Center, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Residential Commercial

APN/PARCEL ID

71-04-23-101-016.000-011

ASK ABOUT THIS PROPERTY

Seamus O'BrienMatthews Real Estate Investment ServicesMore Info
773-219-0964

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Seamus O'BrienMatthews Real Estate Investment ServicesMore Info
773-219-0964

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