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Single-Tenant Office Medical

Zinnia Health | 15-Years Remaining | Prominent 2.39-Acre Parcel

3600 E Jefferson Blvd, South Bend, IN 46615

Listing Price: $7,269,231

Cap Rate
6.50%
Tenant Name
Zinnia Health
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
14,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.63

Investment Overview

The Tenant, Zinnia Health, is subject to a 12-year absolute NNN lease that commenced in May 2022. The lease features annual rental increases of three percent (3%) which provides an excellent hedge against inflation. Cardinal Recovery is a Zinnia Health branded facility that provides comprehensive, customized addiction recovery treatment for patients with substance abuse and co-occurring disorders.

Investment Highlights

  • New 15-Year NNN Lease
  • Three Percent Annual Rental Increases
  • County Seat Location

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Single-Tenant Office Medical

Zinnia Health | 15-Years Remaining | Prominent 2.39-Acre Parcel

Listing Price: $7,269,231

Cap Rate
6.50%
Tenant Name
Zinnia Health
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
14,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.63

Investment Highlights

  • New 15-Year NNN Lease
  • Three Percent Annual Rental Increases
  • County Seat Location

Investment Overview

The Tenant, Zinnia Health, is subject to a 12-year absolute NNN lease that commenced in May 2022. The lease features annual rental increases of three percent (3%) which provides an excellent hedge against inflation. Cardinal Recovery is a Zinnia Health branded facility that provides comprehensive, customized addiction recovery treatment for patients with substance abuse and co-occurring disorders.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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