721 Rudolph Way Greendale, IN 47025-8378

This exceptional investment opportunity presents a 6,100 square foot retail property located at 721 Rudolph Way, Greendale, Indiana 47025. The property, built in 2010, is currently 100% occupied by a credit-rated national tenant, DaVita, under a Net Net Net (NNN) lease with minimal landlord responsibilities. The lease features attractive terms, including a 3% annual rent increase, providing significant inflationary protection and strong cash flow. DaVita, a Fortune 500 company, has occupied the property since 2011 and recently extended their lease in 2020 for an additional 8 years, demonstrating a long-term commitment to the location. The property boasts a strong 9.85% cap rate and a Net Operating Income (NOI) of $113,316, making it an attractive investment in today's market. The strategic location, less than two miles from St. Elizabeth Dearborn Hospital, ensures consistent patient traffic from Indiana, Ohio, and Kentucky. This fee-simple ownership offers a passive income stream with significant upside potential due to the built-in annual rent escalations. The property's resilience to economic downturns, inherent in the healthcare sector, further enhances its investment appeal. The asking price is $1,150,414, translating to $188.59 per square foot. This is a rare opportunity to acquire a high-performing, passively managed retail asset with a strong tenant and a compelling financial profile.