Fast Pace Urgent Care NNN Property For Sale — Portland, IN
908 North Meridian Street, Portland, IN 47371
This offering presents a recently constructed medical facility (2022) featuring a state-of-the-art Fast Pace Urgent Care clinic. The property benefits from a long-term, NNN lease with approximately 13.5 years remaining. The lease includes multiple 10% rental increases, providing a consistent increase in income and enhancing the cap rate to 7.21% by 2027 and 7.93% in 2032.
- Address: 908 North Meridian Street, Portland, IN 47371
- Asking price $2.23M
- 6.55% cap rate
- NOI $146,065
- 13.5 years remaining
- NNN lease
- Year built: 2022
- Building size: 2,713 SF
- Lot size: 0.46 acres
- Rent increases: 10% rental increases
- Guarantor: Corporate
Location
This Fast Pace Urgent Care property is at 908 North Meridian Street in Portland, Indiana.
Asset type: Medical/Health