1732 North St Kendallville, IN 46755
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High-yield, NNN-leased medical building.
Property size:
3,726 SFProperty Features for 1732 North St
General Information
- Property type
- Individual retail properties
- Square Feet
- 3,726 SF
- Lot Size
- 43,386 SF
Building Details
- Year Built
- 2022
- Buildings
- 1
Listing Agency: Cooper Commercial Investment Group Listing Agent: Dan Cooper
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 2022-built, 3,726 sq ft Fast Pace Urgent Care facility in Kendallville, Indiana, presents a compelling investment opportunity. Boasting a long-term NNN lease with significant rental increases built in, this property offers a strong, recession-resistant income stream. The property sits on nearly one acre with ample parking and enjoys high visibility on a major thoroughfare. The tenant, a well-established national healthcare provider, is responsible for all operating expenses, taxes, and insurance. The property's location within a thriving community with strong demographics and proximity to major employers further enhances its appeal. The current NOI is $156,963, with a 6.55% cap rate that is projected to increase significantly over the lease term. This is an exceptional opportunity for investors seeking a stable, high-growth investment. The lease has approximately 13.5 years remaining, expiring March 30, 2038. The asking price is $2,395,000.
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Location Insight
- Map
- Local Demand
- City
- Kendallville
- County
- Noble
- State
- Indiana
- Longitude
- -85.2946853
- Latitude
- 41.4528923
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FAQs
What type of property is this?
Individual retail property - High-yield, NNN-leased medical building.
Where is this individual retail property located?
The property is located at 1732 North St Kendallville, IN.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 2022-built, state-of-the-art Fast Pace Urgent Care; long-term NNN lease with approximately 13.5 years remaining.; Multiple 10% rental increases, increasing the cap rate to 7.21% by 2027 and 7.93% by 2032.; NNN lease; tenant responsible for all operating expenses, taxes, and insurance.
