Single-Tenant NNN Healthcare
315 S Memorial Drive, New Castle, IN 47362
For Sale
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An urgent care facility occupied by Fast Pace Health under an absolute NNN lease with tenant responsibility for capital items.
Property Size4,050 SF
Price / SF$590.74
Days on Market15
Property Features for 315 S Memorial Drive
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Office Units
Property Use
Medical Specialty
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
Sierra Real Estate Advisors
Listed By:
Tyler Stevens · License IN #01902798
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 3:44PM
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 Sierra Real Estate Advisors
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Built in 2018, this freestanding 4,050-square-foot urgent care facility is occupied by Fast Pace Health. The tenant has operated at the site since construction. The absolute NNN lease assigns responsibility for the roof, structure, parking lot, and other capital items to the tenant.
The property is at 315 S Memorial Drive in New Castle, Indiana, along a retail corridor with Walmart Supercenter, Tractor Supply Co., Harbor Freight, CVS, ALDI, and Maurices in the immediate trade area.
More than 7 years remain in the primary lease term, followed by two 10-year options. Rent escalates by 10% every 5 years, including during the option periods.
The property is at 315 S Memorial Drive in New Castle, Indiana, along a retail corridor with Walmart Supercenter, Tractor Supply Co., Harbor Freight, CVS, ALDI, and Maurices in the immediate trade area.
More than 7 years remain in the primary lease term, followed by two 10-year options. Rent escalates by 10% every 5 years, including during the option periods.
Key Highlights
- Freestanding 4,050‑square‑foot building constructed in 2018
- Fast Pace Health has operated at the property since it was built
- Absolute NNN lease places responsibility for roof, structure, parking lot, and other capital items with the tenant
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
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Business Placement
Demographics for 47362, IN
30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
Median Home Value
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Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - An urgent care facility occupied by Fast Pace Health under an absolute NNN lease with tenant responsibility for capital items.
Where is this nnn property located?
The property is located at 315 S Memorial Drive New Castle, IN.
What is the asking price?
The asking price for this property is $2,392,500.
What are key features of this property?
This property features: Freestanding 4,050‑square‑foot building constructed in 2018; Fast Pace Health has operated at the property since it was built; Absolute NNN lease places responsibility for roof, structure, parking lot, and other capital items with the tenant
