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1732 W North St
Kendallville, IN 46755

$2,395,000 USD

Freestanding For Sale  •  3,726 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 3,726 SF
  • Lot Size 1 AC
  • Building Class B
  • Year Built 2022
  • Cap Rate 6.55 %
0 Transit Score
28 Walk Score

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

Property Flyers

Cap Rate: 6.55 %

Major Tenants

Tenant SF Occupied Lease End Date
Fast Pace Urgent Care 3,726 SF 3/31/2038
Daniel Cooper 216-562-1981 Cooper Commercial Investment Group
Daniel Cooper 216-562-1981 Cooper Commercial Investment Group