2030 Boulevard Kokomo, IN 46902

This exceptional investment opportunity presents a 7,534 square foot medical office building in Kokomo, Indiana, currently 100% occupied by a credit-rated tenant, Ascension Kokomo Heart Care. The property, located at 2030 W Blvd, Kokomo, IN 46902, sits on a 0.95-acre lot and boasts a strong financial profile. The Net Lease (NNN) structure ensures minimal landlord responsibilities, with operating expenses and real estate taxes covered by the tenant. The current lease, commencing February 3, 2015, and expiring February 2, 2028, offers a remaining term of approximately 3.2 years, with a built-in 5-year option to extend. The lease includes a favorable 2% annual rent increase, providing consistent income growth. The building underwent renovations in 2015, including a new roof. The property's strong financial performance is reflected in its 8.10% cap rate and a Net Operating Income (NOI) of $97,309. This offering presents a compelling investment opportunity for buyers seeking a stable, long-term income stream with a high-quality tenant and minimal management burden. The below-market rent, according to CoStar Analytics, presents further upside potential. Ascension, a Moody's Aa2 rated tenant, has a long operating history at this location.