2608 N 6th St - Medical FOR SALE


Vincennes, IN 47591
$4,221,678 USD
332-345-4222
2608 N 6th St, Vincennes, IN for Sale
$4,221,678 USD
Medical - FOR SALE
1/2
null | 7.5% Cap Rate

2608 N 6th St
Vincennes, IN 47591


HIGHLIGHTS

  • Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 2608 N 6th St in Vincennes, Indiana. The site consists of roughly 7,120 rentable square feet of building space on estimated 0.99-acre parcel of land. This Parachute Plasma is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $316,626 and is scheduled to increase by 2% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$4,221,678 USD

PRICE/SF

$593 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parachute Plasma

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C-1

APN/PARCEL ID

42-12-15-303-084.000-022

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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