1732 North St Kendallville, IN 46755
Sponsored
High-yield, NNN-leased medical building.
Property size:
3,726 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property 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
HighLights
- 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.
- Single‑tenant, corporately backed property with a well‑known national tenant (275+ locations in 6 states).
- High‑visibility location with excellent frontage and high traffic (17,000 vehicles per day) on a main thoroughfare.
- Strong demographics: average household income of approximately $93,000 within a 10‑mile radius.
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
Nearby Similar for Sale
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.
