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2500 Parkway Dr Shelbyville, IN 46176

For Sale
$1,190,000

Net-leased medical office, high ROI.

Property size:
5,940 SF

Description

Added:
Dec 11, 2024
Days on Market:
361
This exceptional investment opportunity presents a fully occupied, 5,940 square foot medical office building situated at 2500 Parkway Drive, Shelbyville, Indiana. Built in 2004 as a build-to-suit for Fresenius Medical Care, a leading provider of kidney dialysis services, this single-tenant property boasts a 100% occupancy rate and a strong 9.02% cap rate, generating a net operating income (NOI) of $107,484. The property is situated on a 0.62-acre lot and includes 32 parking spaces, crucial for patient and staff convenience. The building's design is specifically tailored to the needs of a dialysis center, ensuring optimal functionality and patient comfort. Located within the Indianapolis MSA, this property benefits from Shelbyville's diverse economy and easy access to Interstate 74, providing excellent visibility and convenient access for patients and staff. The long-term lease with Fresenius Medical Care provides a stable and predictable income stream, making this a low-risk investment with significant potential for appreciation. The property features a single story, with permitted zoning as BG. The asking price is $1,190,000, translating to $200.34 per square foot. This fee-simple ownership opportunity offers a secure investment in the essential healthcare sector. The facility operates at full capacity, with twelve operating stations on a full three-shift schedule, six days a week. This consistent operation ensures a reliable income stream for the investor. The property's prime location and essential healthcare tenant make it an attractive investment for those seeking stability and growth in the healthcare real estate market.

Property Features for 2500 Parkway Dr

General Information

Property type
Medical offices
Square Feet
5,940 SF
Lot Size
27,007 SF

Building Details

Year Built
2004
Buildings
1
Stories
1
Units
1

HighLights

  • Fully occupied, 5,940 SF medical office building in Shelbyville, IN.
  • Anchored by Fresenius Medical Care, a leading kidney dialysis provider, with a long‑term lease.
  • Strong investment opportunity with a 9.02% cap rate and $107,484 NOI.
  • Prime location on Parkway Drive with easy I‑74 access, offering excellent visibility and convenient access.
  • Located within the Indianapolis MSA, benefiting from a diverse regional economy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Fresenius Kidney Care ... Dialysis Center Bloom Ronald MD Doctor

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Shelbyville
County
Shelby
State
Indiana
Longitude
-85.7420643
Latitude
39.5173679

FAQs

What type of property is this?
Medical office - Net-leased medical office, high ROI.
Where is this medical office located?
The property is located at 2500 Parkway Dr Shelbyville, IN.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Fully occupied, 5,940 SF medical office building in Shelbyville, IN.; Anchored by Fresenius Medical Care, a leading kidney dialysis provider, with a long-term lease.; Strong investment opportunity with a 9.02% cap rate and $107,484 NOI.
More about this property
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