CBRE’s Net Lease Property Group – Midwest is pleased to present to qualified individuals, the opportunity to acquire 100% fee interest in a freestanding Franciscan Physician in Lowell, Indiana. Franciscan Physician currently has over 9.5 years remaining on their lease and they’ve been operating since 2014. The corporate lease features three, 10-year renewal options and 2% annual rental increases throughout the base term.
Franciscan Physician is located with unmatched visibility from E Commercial Ave (IN-2), an east-west route running from the Illinois border to the outskirts of South Bend, Indiana, which boasts strong traffic counts of nearly 11,300 VPD. The Property’s location is ideally situated a few minutes from Interstate 65, the main north and south highway serving the state of Indiana with traffic counts of over 100,000 vehicles per day.