1732 W North St - Freestanding FOR SALE


Kendallville, IN 46755
$2,395,000 USD
216-562-1981
1732 W North St, Kendallville, IN for Sale
$2,395,000 USD
Freestanding - FOR SALE
1/6
null | 6.55% Cap Rate

1732 W North St
Kendallville, IN 46755


HIGHLIGHTS

  • New Price! Medical (2022) Construction, State-of-the-Art Fast Pace Urgent Care Location: Long-Term, NNN Lease w/ Approx. 13.5 Yrs of Term Remaining
  • Multiple 10% Rental Increases, Offering Continual Income Growth & Taking the CAP Rate to 7.21% by Year 2027 and 7.93% CAP in Year 2032
  • No Daily Management Responsibilities: Tenant Responsible for All Daily Mgmt, Real Estate Taxes & Insurance w/ Growing National Tenant (275+ Location
  • Corporately Backed, Single-Tenant Location with Sought-After Well-Known National Tenant (275+ Current Locations in 6 States)
  • Growing Community Targeted Medical Necessity: Ideal Demographics: Average Household Incomes of Approximately $93,000 Within a 1-Mile Radius

OVERVIEW

• Just Reduced!! Newer Medical (2022) Construction, State-of-the-Art Fast Pace Urgent Care Location: Long-Term, NNN Lease with Approximately 13.5 Years of Term Remaining • Multiple 10% Rental Increases, Offering Continual Income Growth & Taking the CAP Rate to 7.21% by Year 2027 and 7.93% CAP in Year 2032 • No Daily Management Responsibilities: Tenant Responsible for All Daily Management, Real Estate Taxes and Insurance • Corporately Backed, Single-Tenant Location with Sought-After Well-Known National Tenant (275+ Current Locations in 6 States) • Highly Visible Signage with Excellent Frontage and High Traffic (17,000 VPD) Along Main Thoroughfare Through Kendallville • Growing City Targeted with Medical Necessity: Ideal Demographics with Average Household Incomes of Approximately $93,000 Within a 10-Mile Radius • 24/7 Wall St. Ranked Kendallville 33rd in “America’s 50 Best Cities to Live” and was the Only Indiana City to Make the List • Low Price Point Deal, Ideal for 1031 Buyers with E-Commerce/Recession Resistant Tenant - Urgent Care Industry Fast Approaching Being $40 Billion Annual Business • Surrounded by Rooftops, Other Complimentary Medical Users and Retailers, Restaurants and Schools (East Noble School District with 3,400+ Students and 200+ Employees) • Largest Regional Industry: Directly Across from Parkview Noble Hospital, Part of the Parkview Health Network, on a 60-Acre Campus (350 Employees), While Parkview Health Serves Northeast Indiana and Northwest Ohio with Over 15,000 System-Wide Employees, Making it the Region’s Largest Employer • Direct Vicinity of Major Employers (4 Miles): Manufacturing Corridor Includes Dow Corning Corp, Creative Liquid Coatings Inc., Aluminum Recovery Technologies, PFG Customized Distribution and Lakeside Book Company • Advantageous Location with Short Commute to Downtown Fort Wayne (30 Miles): Additional Employment, Major Attractions and Fort Wayne International Airport

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$643 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Price!! 15 Yr Fast Pace Health w/ Bumps

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,386 SF

ZONING

-

APN/PARCEL ID

57-07-30-200-031.000-020

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
216-562-1981

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Daniel CooperCooper Commercial Investment GroupMore Info
216-562-1981

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