Overview

Description

2022 complete interior renovation, located in a major medical hub. This corporate net leased autism center with over 5 years remaining in the primary term was recently renovated, including the installation of a new roof. The subject property is located nearby Community Health Network’s major medical campus serving north Indianapolis, IN, with multiple hospitals and many specialized treatment centers.

In Association with ParaSell, Inc.
PH: 949.942.6585
A Licensed Indiana Broker
#RC51900187

SCOTT REID
PARASELL, INC.
scott@parasellinc.com
PH: 949.942.6585
IN LIC #RC51900187

Highlights

• Long term corporate guaranteed lease with 2.5% annual rent increases (~5.25 years remaining on primary term)
• Low in-place rents (currently ~$17 annually) with a limited supply of buildings nearby well suited to meet their needs
• Corporate guaranty by entity which owns and operates 35+ locations across 5 states
• Tenant invested significant money in tenant improvements to renovate the site to a state-of-the-art autism learning center
• Property layout allows subdivision, adding flexibility for property owner in the future
• Building has brand new roof (with warranty), new gutters, freshly painted, new windows, with parking lot slurry/striping scheduled

Documents

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