Healthcare NNN
For Sale
Contact for pricing
Pending
2227 Sherman Dr, Princeton, IN 47670
Fully leased healthcare asset with an absolute NNN lease and renewal options.
Property SizeContact for details
Days on Market144
Property Features for 2227 Sherman Dr
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
(918) 794-9516
Listed By:
Chad Byerly · License #OK 155856
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 4:11PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This healthcare property in Princeton, Indiana, is fully leased to DaVita. The operating lease is structured on an absolute NNN basis, placing the property within a single-tenant healthcare configuration. The term extends for 12.5 years and includes 2% annual rent increases, providing defined contractual growth during the initial term.
The property is located at 2227 Sherman Dr in Princeton, approximately 28 miles north of Evansville. Evansville is served by Interstate 64 and Interstate 69 and functions as the region’s economic hub. Lease continuity is further supported by two five-year renewal options, giving the tenant additional extension rights beyond the initial lease period.
The property is located at 2227 Sherman Dr in Princeton, approximately 28 miles north of Evansville. Evansville is served by Interstate 64 and Interstate 69 and functions as the region’s economic hub. Lease continuity is further supported by two five-year renewal options, giving the tenant additional extension rights beyond the initial lease period.
Key Highlights
- 100% leased to DaVita
- 12.5‑year absolute NNN lease
- 2% annual rent increases
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 47670, IN
11,934
Population
5,440
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
89%
High-School Grad
82.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,873
Median Household Income
$36,957
Median Earnings
$959
Median Rent
$140,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased healthcare asset with an absolute NNN lease and renewal options.
Where is this nnn property located?
The property is located at 2227 Sherman Dr Princeton, IN.
What are key features of this property?
This property features: 100% leased to DaVita; 12.5‑year absolute NNN lease; 2% annual rent increases
