Two NNN-Leased Medical Office
For Sale
Contact for pricing
1802-1804 E 10th St, Jeffersonville, IN 47130
Sale of two adjacent NNN-leased medical office buildings with overflow parking and former Walgreens space.
Property SizeContact for details
Days on Market124
Property Features for 1802-1804 E 10th St
General Information
Standard status
Active
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
8%
Listing Agency:
The Chesser Companies
Listed By:
Tyler Chesser, CCIM · License #IN RB16000615
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 11:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Chesser Companies
Investment Insights
Based on property information with market context.
This offering includes two adjacent NNN-leased medical office properties, available individually or combined. 1802 E 10th Street consists of two parcels: Parcel #1 (1.287 acres) with one building totaling 13,109 SF constructed in 1985, plus a 840 SF three-sided shed; Parcel #2 (.8028 acres) is used for overflow parking. 1804 E 10th Street also consists of two parcels: Parcel #1 (.6530 acres) with one building totaling 5,505 SF constructed in 1985, plus Parcel #2 (.0340 acres) used for overflow parking. Both buildings are described as former Walgreens facilities, and the occupant’s contents include medical equipment that would be costly to relocate legally and logistically.
The properties are located on a high-traffic signalized corner in Jeffersonville, Indiana, within the Louisville KY MSA. The tenant provides drug addiction rehabilitation, IV therapy, and other medical services, and the lease is described in the remarks as $8.06/PSF until June 2020.
The seller’s remarks also note an 8% cap rate target for qualified investors and that the offering is presented significantly below appraised value.
The properties are located on a high-traffic signalized corner in Jeffersonville, Indiana, within the Louisville KY MSA. The tenant provides drug addiction rehabilitation, IV therapy, and other medical services, and the lease is described in the remarks as $8.06/PSF until June 2020.
The seller’s remarks also note an 8% cap rate target for qualified investors and that the offering is presented significantly below appraised value.
Key Highlights
- Two adjacent 100% NNN leased medical office properties offered individually or combined in Jeffersonville, IN (Louisville KY MSA).
- 1802 E 10th St: 1.287‑acre parcel with 13,109 SF building constructed in 1985 (former Walgreens) plus 840 SF three‑sided shed.
- 1802 E 10th St: additional .8028‑acre parcel used for overflow parking.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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- Piper C Hays, DVM — 1623 E 10th St, Jeffersonville, IN 47130
- Strong L H DVM — 1623 E 10th St, Jeffersonville, IN 47130
Frequently Asked Questions
What type of property is this?
Medical Office Space - Sale of two adjacent NNN-leased medical office buildings with overflow parking and former Walgreens space.
Where is this medical office space located?
The property is located at 1802-1804 E 10th St Jeffersonville, IN.
What are key features of this property?
This property features: Two adjacent 100% NNN leased medical office properties offered individually or combined in Jeffersonville, IN (Louisville KY MSA).; 1802 E 10th St: 1.287‑acre parcel with 13,109 SF building constructed in 1985 (former Walgreens) plus 840 SF three‑sided shed.; 1802 E 10th St: additional .8028‑acre parcel used for overflow parking.
