610 Sawyer Rd Kendallville, IN 46755-2566

This exceptional investment opportunity presents a fee-simple interest in a two-building medical office portfolio totaling 13,980 square feet, located in Kendallville and LaGrange, Indiana. Both properties are subject to a new 12-year absolute NNN lease with Northeast Internal Medicine Associates (NIMA), a reputable provider specializing in adult and geriatric care. The lease boasts a 7.00% cap rate and includes 2.50% annual rent escalations, along with two five-year renewal options, ensuring long-term stability and predictable income growth. The portfolio features a combined NOI of $258,630 and a price per square foot of $264.31. The properties are strategically situated near major roads and benefit from high visibility and convenient access. The Kendallville location is advantageously positioned near Parkview Noble Hospital, creating a strong medical synergy. This sale-leaseback transaction offers a passive investment with minimal landlord responsibilities, making it an ideal addition to any diversified portfolio. The properties sit on approximately 1.1 to 2.2 acres of land. NIMA has a 23-year history and is a dominant provider in rural northeast Indiana. The portfolio's strong tenant, favorable lease terms, and prime locations make it a compelling investment opportunity.