6826 Madison Ave, Indianapolis, IN 46227-5000
- Medical Office Space
- 11,925 SF
- 1.23 lot acres
Current Use by Public Records
- Bike Parking / Bicycle Rack
- Fresenius Kidney Care Southport / Medical Clinic
Property Details for 6826 Madison Ave
- Year built
- 2017
- Construction
- WOOD
- Lot size
- 1.23 lot acres
- Zone code
- ZO01
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 49-15-07-154-009.000-500
- APU
- 491507154009000500
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 8, 2025 | — | Ns Retail Holdings LLC | Mykul Lee Commercial LLC | Special Warranty Deed | — |
| Nov 15, 2018 | — | Mykul Lee Commercial LLC | — | Deed · related | $1.9M · Miscellaneous Ins Co |
| Aug 29, 2017 | $3,367,292 | Mykul Lee Commercial LLC | Dialysis Properties V LLC | Grant Deed | — |
| Feb 2, 2017 | — | Dialysis Properties V LLC | Southern Breeze Holdings LLC | Grant Deed | $3.2M · Indiana Members Cu |
| Aug 31, 2016 | — | Southern Breeze Holdings LLC | — | Deed · related | $3.2M · Bc48 LLC |
| Oct 18, 2013 | — | Indy Six LLC | Southern Breeze Holdings LLC | Warranty Deed · related | — |
| — | — | Mykul Lee Commercial LLC | — | Deed Of Trust · related | $1.9M · Miscellaneous Ins Co |
| — | — | Southern Breeze Holdings LLC | — | Deed Of Trust · related | $3.2M · Bc48 LLC |
Description
This exceptional investment opportunity presents a fee-simple 11,847 square foot medical office building in Indianapolis, Indiana. The property, built in 2017, is 100% occupied by Fresenius Medical Care, a globally recognized leader in dialysis services, under a Net Net Net (NNN) lease with 6.9 years remaining until the first option period. The lease commenced October 7, 2016, and expires October 31, 2031, with options for lease extensions. Annual rent bumps are 1.02% (1.017% in options). The property boasts a strong NOI of $206,342, representing a 6.00% capitalization rate based on the asking price of $3,439,000. Situated on a 1.23-acre lot with 34 parking spaces, the single-story building enjoys high visibility due to its direct frontage on Madison Avenue, a major thoroughfare with over 21,000 vehicles per day. The property benefits from its location near a Dollar General-anchored center and a new, 93-unit apartment development, indicating strong growth in the area. Multiple senior housing complexes are also nearby, further supporting the property's strategic location. The property's zoning is ZO01. The APN is 49-15-07-154-009.000-500. This is a rare opportunity to acquire a high-performing medical office building with a long-term lease to a creditworthy tenant in a rapidly growing market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1284
- Latitude
- 39.6667
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
