Net-Leased Specialty Medical
7310 West Lincoln Highway Crown Point, IN 46307
7310 West Lincoln Highway, Crown Point, IN, 46307
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For Sale
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Single-tenant outpatient medical office leased under a net structure to Franciscan Physician Network.
Property Size13,380 SF
Price / SF$168.16
Days on Market14
Property Features for 7310 West Lincoln Highway
General Information
- Standard status
- Active
- Size
- 13,380 SF
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 2006
Listing agency
Marcus & Millichap - Indianapolis
(317) 218-5316
Listed by
David Klink · License #RB 14049256
Source
Crexi
Added: Jul 9 Updated: Jul 20 at 8:31PM Checked: Jul 21 at 12:26PM
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.
A single-tenant, net-leased specialty medical office investment is available with an existing tenant operating from this location. Franciscan Alliance, Inc. (Franciscan Physician Network) currently occupies the facility, which was constructed in 2006 and remains configured for outpatient medical services. The property is leased under a triple-net structure and provides approximately 1.5 years of contractual cash flow before the lease term allows for discussion of next steps.
The tenant operates the Franciscan Physician Network Schererville Health Center from 7310 West Lincoln Highway in Crown Point, Indiana, offering Family Medicine, Internal Medicine, and Obstetrics & Gynecology. The purchase is presented as an institutional-quality healthcare tenancy investment, with the remaining lease term reflected in the offering materials at a stated 13.38% cap rate.
The building is offered as a 13,380-square-foot facility with a stated opportunity to negotiate a lease extension with Franciscan Alliance or pursue future repositioning to another medical or specialty user, as described in the offering summary.
The tenant operates the Franciscan Physician Network Schererville Health Center from 7310 West Lincoln Highway in Crown Point, Indiana, offering Family Medicine, Internal Medicine, and Obstetrics & Gynecology. The purchase is presented as an institutional-quality healthcare tenancy investment, with the remaining lease term reflected in the offering materials at a stated 13.38% cap rate.
The building is offered as a 13,380-square-foot facility with a stated opportunity to negotiate a lease extension with Franciscan Alliance or pursue future repositioning to another medical or specialty user, as described in the offering summary.
Key Highlights
- Single‑tenant net‑leased specialty medical office leased to Franciscan Alliance, Inc.
- 13,380 SF outpatient medical facility built in 2006 and occupied by the tenant since construction.
- Tenant operates the Franciscan Physician Network Schererville Health Center, including family medicine, internal medicine, and obstetrics & gynecology.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $346.8k | $25.92 |
| − Vacancy | −$34.7k | −$2.59 |
| EGI | $312.1k | $23.33 |
| − OpEx | −$124.9k | −$9.33 |
| NOI | $187.3k | $14.00 |
13,380 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.68M
$2.34M – $3.12M
NOI $187,277 @ 7.0% cap · market cap 8.32%
Second Best
Office B
$2.42M
$2.12M – $2.83M
NOI $169,720 @ 7.0% cap · market cap 7.54%
Theoretical Best
Specialty Retail
$3.74M
$3.27M – $4.36M
NOI $261,462 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kenneth Polezoes
Pediatrician
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FAQs
What type of property is this?
Medical center - Single-tenant outpatient medical office leased under a net structure to Franciscan Physician Network.
Where is this medical center located?
The property is located at 7310 West Lincoln Highway Crown Point, IN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Single‑tenant net‑leased specialty medical office leased to Franciscan Alliance, Inc.; 13,380 SF outpatient medical facility built in 2006 and occupied by the tenant since construction.; Tenant operates the Franciscan Physician Network Schererville Health Center, including family medicine, internal medicine, and obstetrics & gynecology.
