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501 Wall St
Valparaiso, IN 46383

Price Upon Request

Medical For Sale  •  8,205 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,205 SF
  • Lot Size 0.65 AC
  • Building Class B
  • Year Built 1982
  • Tenancy Single
  • Zoning Commercial
20 Transit Score
60 Walk Score

Highlights

7.75% cap rate single tenant net leased medical opportunity located in a vibrant and welloccupied medical office park
3% annual rent increases commencing in just over 3 years
Approximately 6.5 years of primary lease term remaining with no termination options – making this opportunity highly financeable
Desirable demographics with over 63,000 people within a 5-mile radius and average household incomes exceeding $100,000 annually
The option rent is undefined in the lease, allowing a landlord flexibility to negotiate a significant rent increase after the primary lease term expir
Favorable lease structure with limited landlord responsibilities – the tenant reimburses ownership for all operating expenses

Major Tenants

Tenant SF Occupied Lease End Date
Circle City ABA 8,205 SF 6/30/2031

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes