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New Inpatient Rehabilitation Facility
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4602 Medical Plaza Way, Clarksville, IN 47129

Newly constructed, single-tenant inpatient rehabilitation facility in Clarksville, Indiana.

Property Size48,920 SF
Lot Size4.46 Acres
Price / SF$1,101
Days on Market101

Property Features for 4602 Medical Plaza Way

General Information

Standard status Active
Size 48,920 SF
Class A
Total Parking Spaces 126
Lot size 4.46 Acres
Property subtype Special Purpose
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $3,275,400

Building Details

Year Built 2026
Stories 3
Tenancy Single
Listing Agency: Northmarq - Tulsa
Listed By: Toby Scrivner · License #TX #452773
Source: Crexi
Added: May 21 Changed: Aug 14 Last Checked: Aug 25 at 4:52PM

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

Current Use

Rehabilitation centers

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Spa & Massage Center Garden Center Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

454
Businesses Nearby

Demographics for 47129, IN

19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value
Rey
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Frequently Asked Questions

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 $53,870,000.
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.
(918) 494-2690 Call to check price and availability
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