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New Inpatient Rehabilitation Facility

4602 Medical Plaza Way Clarksville, IN 47129

4602 Medical Plaza Way, Clarksville, IN, 47129
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Newly constructed, single-tenant inpatient rehabilitation facility in Clarksville, Indiana.

Property Size48,920 SF
Lot Size4.46 Acres
Price / SF$1,101
AddedMay 21
Days on Market55
Last RefreshMay 27 at 8:17 am

Property Features for 4602 Medical Plaza Way

General Information

Standard status
Active
Size
48,920 SF
Lot size
4.46 Acres
Property subtype
Special Purpose

Building Details

Year Built
2026

Listing office Northmarq - Tulsa

Listing date May 21, 2026

Source Crexi

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.

This newly constructed, single-tenant Inpatient Rehabilitation Facility is located in Clarksville, Indiana, within the Louisville, KY-IN MSA. The property consists of a 48,920 square foot, 40-bed, purpose-built facility opening soon, situated on a 4.46-acre site with 126 surface parking spaces. The property is 100% leased to Clarksville Rehabilitation Hospital, LLC, an affiliate of Nobis Rehabilitation Partners, a nationally scaled inpatient rehabilitation hospital operator. The lease is a 20-year absolute net lease with approximately 20 years of remaining term, providing long-term income durability. The lease features 1.5% annual rent escalations and is structured as Absolute NNN, with the tenant responsible for all operating expenses, real estate taxes, insurance, utilities, maintenance, and capital items, including roof, structure, and HVAC, resulting in zero landlord responsibilities. The investment generates $3,275,400 in annual NOI ($66.95/SF). The lease is corporately guaranteed by Nobis Rehabilitation Holdings, LLC, strengthening the credit profile through a proven national operating platform with 18+ inpatient rehabilitation hospitals currently operating and five additional facilities under development. Located directly across the river from Louisville, the property benefits from proximity to a Top 50 U.S. MSA, strong healthcare demand drivers, and favorable long-term fundamentals supporting the inpatient rehabilitation sector, offering investors stable, inflation-protected cash flow backed by a mission-critical healthcare use.

Key Highlights

  • Newly constructed, purpose‑built 40‑bed Inpatient Rehabilitation Facility (IRF) in Clarksville, Indiana.
  • 100% leased to Clarksville Rehabilitation Hospital, LLC, an affiliate of Nobis Rehabilitation Partners.
  • 20‑year absolute net lease with approximately 20 years of remaining term and 1.5% annual rent escalations.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rehabilitation centers

Suggested Use

Electrical Service Kitchen & Bath Showroom Spa & Massage Center Garden Center Hair Salon Parking Lot & Garage Skin Care Clinic Nail Salon (Bike/Boat/Book/etc) Store Barber Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Rehabilitation center - Newly constructed, single-tenant inpatient rehabilitation facility in Clarksville, Indiana.
Where is this rehabilitation center located?
The property is located at 4602 Medical Plaza Way Clarksville, IN.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Newly constructed, purpose‑built 40‑bed Inpatient Rehabilitation Facility (IRF) in Clarksville, Indiana.; 100% leased to Clarksville Rehabilitation Hospital, LLC, an affiliate of Nobis Rehabilitation Partners.; **20‑year absolute net lease** with approximately 20 years of remaining term and 1.5% annual rent escalations.
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