1732 North St Kendallville, IN 46755
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.