Newly Developed Medical Office
For Sale
Contact for pricing
Pending
322 W Tournament Trail, Westfield, IN 46074
Newly developed healthcare facility occupied under a long-term NNN lease.
Property SizeContact for details
Days on Market129
Property Features for 322 W Tournament Trail
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
(918) 494-2690
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 11:05AM
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 - Tulsa
Investment Insights
Based on property information with market context.
The offering consists of a leasehold interest in a newly developed medical office building at 322 W Tournament Trail in Westfield, Indiana. The facility is fully leased to Riverview Hospital, doing business as Riverview Health, for specialty and primary care services.
Lease terms include a 15-year NNN structure, annual rent increases based on the greater of CPI or 3%, and two five-year renewal options. Riverview Health is a nonprofit health system owned by Hamilton County. As of August 2025, the health system is operating under a management agreement with Parkview Health, which is providing strategic consulting services.
Lease terms include a 15-year NNN structure, annual rent increases based on the greater of CPI or 3%, and two five-year renewal options. Riverview Health is a nonprofit health system owned by Hamilton County. As of August 2025, the health system is operating under a management agreement with Parkview Health, which is providing strategic consulting services.
Key Highlights
- Leasehold interest in a newly developed medical office building
- Fully leased to Riverview Hospital, doing business as Riverview Health
- 15‑year NNN lease with annual increases based on the greater of CPI or 3%
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46074, IN
42,598
Population
17,118
Households
2.5
Avg Household Size
36
Median Age
61%
College-Educated
97%
High-School Grad
36.4 sq mi
ZIP Area
1,170
Density / Sq Mi
$123,580
Median Household Income
$60,250
Median Earnings
$1,550
Median Rent
$400,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly developed healthcare facility occupied under a long-term NNN lease.
Where is this medical office space located?
The property is located at 322 W Tournament Trail Westfield, IN.
What are key features of this property?
This property features: Leasehold interest in a newly developed medical office building; Fully leased to Riverview Hospital, doing business as Riverview Health; 15‑year NNN lease with annual increases based on the greater of CPI or 3%
