8136 E Southport Rd - Medical FOR SALE


Indianapolis, IN 46259- Galludet
$3,416,000 USD
415-852-5177
8136 E Southport Rd, Indianapolis, IN for Sale
$3,416,000 USD
Medical - FOR SALE
1/5
null | 5.35% Cap Rate

8136 E Southport Rd
Indianapolis, IN 46259
Galludet


HIGHLIGHTS

  • Newly casted 10-year absolute NNN lease with a proven store, demonstrating long-term commitment to the site
  • 10% fixed rental increases every five years in initial term and extension terms
  • Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,800 supported dental offices located in 38 states
  • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
  • Heartland Dental continues impressive national growth with 94 new locations opened in 2023

OVERVIEW

This Heartland Dental is outparcel to the newly constructed Johnson Fields | Kroger Anchored Development, including 60 acres of multi-use planned development. The property is strategically located just off the signalized intersection of East Southport Road & South Franklin Road (38,395 cars per day) and four miles from an Interstate 65 interchange. The site is surrounded by residential rooftops in one of the fastest growing areas on the Southside of Indianapolis. This location features excellent demographics with an average annual household income in excess of $180,000 within a one-mile radius. Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Heartland Dental and Southeast Indianapolis for steady concurrent growth. The property is within 0.5 miles of the future Southern Meadows Apartment complex development with 250+ units

FOR SALE DETAILS

PRICE

$3,416,000 USD

PRICE/SF

$802 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C-1

APN/PARCEL ID

49-16-07-113-003.000-300

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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