Addiction Treatment Center
300 Carrera Dr London, KY 40741
300 Carrera Dr, London, KY, 40741
Contact for pricing
For Sale
Contact for pricing
Pending
15,900 sq ft treatment center on five acres with expansions completed and underway for inpatient and outpatient services.
Property Size15,900 SF
Lot Size5.00 Acres
Days on Market102
Property Features for 300 Carrera Dr
General Information
- Standard status
- Pending
- Size
- 15,900 SF
- Lot size
- 5.00 Acres
- Property subtype
- Office
Listing agency
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed by
Nathan Whalen · License #IN AB21402364
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 5:40AM Checked: Jul 22 at 5:40AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Pinnacle Treatment Center is a purpose-built medical and rehabilitation facility originally constructed in 2017, totaling 15,900 square feet on five acres. The tenant completed a 3,200 square foot expansion in August 2021, and additional space (9,925 square feet) is planned for delivery in February 2022. The center provides inpatient and outpatient treatment for addiction, including drug-free and medication-assisted treatment.
The property has strong visibility along Carrera Drive, which runs north and south and intersects Russell Dyche Memorial Highway, a major thoroughfare in London. Interstate 75 is less than a quarter-mile from the site. The surrounding corridor includes national retailers such as McDonald’s, Buffalo Wild Wings, Cracker Barrel, Cheddar’s, Wendy’s, Taco Bell, Waffle House, KFC, White Castle, and Arby’s, along with nearby hotels and motels including Hampton Inn, Fairfield Inn & Suites by Marriott, Motel 6, Econo Lodge, Red Roof Inn, and Budget Inn.
Pinnacle signed an original 20-year lease in 2018 and extended the lease for an additional 20-year period commencing upon completion of the phase II expansion in April 2022. The lease is described as modified triple net with very minimal landlord responsibilities; the tenant is responsible for CAM, taxes, insurance, and HVAC. The landlord shares in the cost of a new roof, covered by warranty, and the lease includes rare 3% annual increases in both the base term and the 10-year renewal option.
The property has strong visibility along Carrera Drive, which runs north and south and intersects Russell Dyche Memorial Highway, a major thoroughfare in London. Interstate 75 is less than a quarter-mile from the site. The surrounding corridor includes national retailers such as McDonald’s, Buffalo Wild Wings, Cracker Barrel, Cheddar’s, Wendy’s, Taco Bell, Waffle House, KFC, White Castle, and Arby’s, along with nearby hotels and motels including Hampton Inn, Fairfield Inn & Suites by Marriott, Motel 6, Econo Lodge, Red Roof Inn, and Budget Inn.
Pinnacle signed an original 20-year lease in 2018 and extended the lease for an additional 20-year period commencing upon completion of the phase II expansion in April 2022. The lease is described as modified triple net with very minimal landlord responsibilities; the tenant is responsible for CAM, taxes, insurance, and HVAC. The landlord shares in the cost of a new roof, covered by warranty, and the lease includes rare 3% annual increases in both the base term and the 10-year renewal option.
Key Highlights
- 15,900 SF treatment center on five acres in London, KY, originally built‑to‑suit for Pinnacle in 2017
- Tenant expansion: 3,200 SF expansion completed August 2021; additional 9,925 SF expansion planned for delivery February 2022
- Pinnacle signed a 20‑year lease in 2018, later extended to a fresh 20‑year period commencing upon phase II expansion completion (April 2022)
Property Analytics
Location Intelligence
Current Use by Public Records
Rehabilitation centers
Similar For Sale Nearby
FAQs
What type of property is this?
Rehabilitation center - 15,900 sq ft treatment center on five acres with expansions completed and underway for inpatient and outpatient services.
Where is this rehabilitation center located?
The property is located at 300 Carrera Dr London, KY.
What are key features of this property?
This property features: 15,900 SF treatment center on five acres in London, KY, originally built‑to‑suit for Pinnacle in 2017; Tenant expansion: 3,200 SF expansion completed August 2021; additional 9,925 SF expansion planned for delivery February 2022; Pinnacle signed a 20‑year lease in 2018, later extended to a fresh 20‑year period commencing upon phase II expansion completion (April 2022)
