4500 181st Ave Lowell, IN 46356-0017

This exceptional 12,160-square-foot medical office building in Lowell, Indiana presents a compelling investment opportunity. Located at 4500 West 181st Avenue, this single-story, 2014-constructed building boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease to Franciscan Health, a highly reputable healthcare system with an AA Fitch rating. The lease, expiring January 31, 2034, includes three 10-year renewal options and features 2% annual rent increases, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $410,313, representing a 6.25% capitalization rate on the $6,565,000 asking price. The building sits on a 2.17-acre lot and includes 82 parking spaces. Its prime location offers unmatched visibility from IN-2 and convenient access to I-65, serving a dense, affluent customer base of 188,856 residents with an average household income of $112,000. Landlord responsibilities are minimal, with the tenant responsible for CAM, taxes, insurance, and parking lot maintenance; the landlord is only responsible for the roof and structure (reimbursed by the tenant). This recession-resistant investment in the healthcare sector offers significant long-term potential, aligning perfectly with projected market growth. The property's permitted zoning is PB, and the APN is 45-20-19-376-011.000-008.