Fast Pace Urgent Care NNN Property For Sale — Kendallville, IN
1732 West North Street, Kendallville, IN 46755
This offering presents a compelling opportunity to acquire a newer (2022) medical construction asset, featuring a state-of-the-art Fast Pace Urgent Care facility. The property benefits from a long-term, NNN lease with approximately 13.5 years remaining. The lease includes multiple 10% rental increases, ensuring continued income growth and projected cap rate increases to 7% by 2027 and 7.7% by 2032.
- Address: 1732 West North Street, Kendallville, IN 46755
- Asking price $2.40M
- 6.55% cap rate
- NOI $156,873
- 13.5 years remaining
- NNN lease
- Year built: 2022
- Building size: 3,726 SF
- Lot size: 0.99 acres
- Rent increases: 10% rental increase by year 2027; 10% rental increase by year 2032
- Guarantor: Corporate
Location
This Fast Pace Urgent Care property is at 1732 West North Street in Kendallville, Indiana.
Asset type: Medical/Health