1732 North St Kendallville, IN 46755
- Retail properties
- 3,726 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1732 North St
- Year built
- 2022
- Lot size
- 1.00 lot acres
- Property size
- 3,726 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kendallville
- County
- Noble
- State
- Indiana
- Longitude
- -85.2947
- Latitude
- 41.4529
