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Hopebridge Medical Center with Net Lease
For Sale
Contact for pricing
Pending

8409 Merrillville Rd, Merrillville, IN 46410

Newly constructed outpatient facility serving pediatric therapy and behavioral health needs under a net lease structure.

Property SizeContact for details
Days on Market140

Property Features for 8409 Merrillville Rd

General Information

Standard status Pending
Property subtype Office, Retail

Additional Details

Highway Access Yes

Building Details

Tenancy Single
Listing Agency: JLL Phoenix
Listed By: Nick Franklin · License #AZ0138
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 8:47AM

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 JLL Phoenix

Investment Insights

Based on property information with market context.

This newly constructed Hopebridge facility is designed for outpatient pediatric care, with services spanning Applied Behavior Analysis, occupational, speech, and feeding therapies. The center serves children with autism spectrum disorder and other behavioral, physical, social, communication, and sensory challenges. The property is leased on a 10-year net term with 1.00% annual rental escalations and two 3-year renewal options, supported by a corporate guaranty.

Located at 8409 Merrillville Rd in Merrillville, Indiana, the facility sits within a dense retail corridor in the Chicago MSA. The property is approximately 40 miles from downtown Chicago and offers access to I-65, which records 50K+ VPD. Nearby retail context includes Southlake Mall and Meijer, with reported annual visitation of 3.0 million+ and 1.4M+ visits, respectively.

Key Highlights

  • Newly constructed Hopebridge autism therapy facility
  • 10‑year net lease with 1.00% annual rental escalations
  • Two 3‑year renewal options

Property Analytics

Current Use

Medical centers

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Electrical Service Garden Center Big Box & Wholesale Store Furniture & Home Goods

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

Lease Details

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,387
Businesses Nearby

Demographics for 46410, IN

39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical center - Newly constructed outpatient facility serving pediatric therapy and behavioral health needs under a net lease structure.
Where is this medical center located?
The property is located at 8409 Merrillville Rd Merrillville, IN.
What are key features of this property?
This property features: Newly constructed Hopebridge autism therapy facility; 10‑year net lease with 1.00% annual rental escalations; Two 3‑year renewal options
(602) 282-6300 Call to check price and availability
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