4350 Ironwood Dr South Bend, IN 46614-3073

This exceptional investment opportunity presents a 9,001 square foot, single-tenant DaVita Dialysis Center located at 4350 S Ironwood Dr, South Bend, Indiana 46614. The property, built in 2014 and renovated in 2023, sits on a 1.8-acre lot and boasts a 100% occupancy rate. The current lease, a NNN net lease with a corporate guarantee from DaVita Healthcare Partners, Inc., commenced January 28, 2015, and has a remaining term of approximately 5.2 years, with two 5-year renewal options. The annual net operating income (NOI) is $335,979, resulting in a 6.50% capitalization rate. The tenant is responsible for all expenses except for structural, electrical, and exterior plumbing repairs exceeding $1,000 per lease year. The property benefits from strong demographics, with a population exceeding 56,000 within a 3-mile radius and average household income of $75,000 (3-mile radius in 2023). Recent improvements include roof repairs (2022) and parking lot resurfacing (2023). This is a rare opportunity to acquire a stable, net-leased medical facility backed by a Fortune 500 company in a high-demand location. The asking price is $5,170,000.