17901 Turners Dr South Bend, IN 46635-1529

This exceptional investment opportunity presents a 7,800 square foot medical office building located at 17901 Turners Dr, South Bend, IN 46635. The property boasts a 9.50% cap rate and a strong NOI of $127,191, based on a current asking price of $1,338,853. Currently 100% occupied by Elite Dental Partners, a large and established Dental Service Organization (DSO) with over 100 locations across 12 states, the property features a single-tenant lease with 3.2 years remaining, plus a five-year option. The lease commenced on December 31, 2022, and includes a 5% rent bump in the option period. Built in 1991, this single-story building benefits from its high-visibility location near an interstate highway and within a densely populated area exceeding 170,000 residents within a 5-mile radius. The property's proximity to Notre Dame University, a major economic driver generating over $2.46 billion annually, and a robust retail corridor featuring national brands like Chick-fil-A, Walmart, and Target, further enhances its value and appeal. The recent lease extension underscores the tenant's long-term commitment and the property's success within the thriving dental industry, a sector valued at $176 billion and growing at an average of 2.5% annually. The tenant's significant investment in the location and the inherent stability of healthcare real estate make this a compelling investment prospect.