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Single-Tenant Office Medical

Dental Care Alliance (390+ Practices in 22 States) | South Bend - University of Notre Dame

919 E Jefferson Blvd, South Bend, IN 46617

Listing Price: $5,782,000

Cap Rate
6.00%
Tenant Name
Dental Care Alliance
Years Remaining On Lease
10.1
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$481.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.91

Investment Overview

South Bend is a city in and the county seat of St. Joseph County, Indiana, on the St. Joseph River near its southernmost bend, from which it derives its name. As of the 2020 census, the city had a total of 103,453 residents and is the fourth-largest city in Indiana. The metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199. The city is located just south of Indiana’s border with Michigan. The St. Joseph River shaped South Bend’s economy through the mid-20th century. River access assisted heavy industrial development such as that of the Studebaker Corporation, the Oliver Chilled Plow Company, and other large corporations. Today, the largest industries in South Bend are health care, education, small business, and tourism. Remaining large corporations based in the area include Crowe, Honeywell, and AM General. The city’s economy and culture are influenced by the nearby University of Notre Dame. The old Studebaker plant and surrounding area, now called Ignition Park, is being redeveloped as a technology center to attract new industry.

Investment Highlights

  • 10 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2023 High Quality Construction.
  • Positioned Along Area's Major Traffic & Retail Corridor on busy Jefferson Blvd, a Main Artery into Downtown South Bend. Hard Corner Location - Features Easy Access and Excellent Visibility.
  • Located in the Lively and Fast Growing East Race District of Downtown South Bend - Densely Populated Area: Features more than 181k People Residing within a 5-Mile Radius.
  • Less than 2 Miles from the University of Notre Dame - recognized as one of the Top Universities with a Population of over 8,870 Students Currently Enrolled.
  • Walking Distance from Howard Park, South Bend's first and oldest Park. Howard Park's 16k SF Ice Trail and Pond is a Premier Winter Destination for the South Bend Region.
  • In Close Proximity to Memorial Hospital South Bend - a 526-bed Medical Center and the Second-Largest Employer in the St. Joseph County, Indiana area (3,800 Employees).

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Office Medical

Dental Care Alliance (390+ Practices in 22 States) | South Bend - University of Notre Dame

Listing Price: $5,782,000

Cap Rate
6.00%
Tenant Name
Dental Care Alliance
Years Remaining On Lease
10.1
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$481.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.91

Investment Highlights

  • 10 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2023 High Quality Construction.
  • Positioned Along Area's Major Traffic & Retail Corridor on busy Jefferson Blvd, a Main Artery into Downtown South Bend. Hard Corner Location - Features Easy Access and Excellent Visibility.
  • Located in the Lively and Fast Growing East Race District of Downtown South Bend - Densely Populated Area: Features more than 181k People Residing within a 5-Mile Radius.
  • Less than 2 Miles from the University of Notre Dame - recognized as one of the Top Universities with a Population of over 8,870 Students Currently Enrolled.
  • Walking Distance from Howard Park, South Bend's first and oldest Park. Howard Park's 16k SF Ice Trail and Pond is a Premier Winter Destination for the South Bend Region.
  • In Close Proximity to Memorial Hospital South Bend - a 526-bed Medical Center and the Second-Largest Employer in the St. Joseph County, Indiana area (3,800 Employees).

Investment Overview

South Bend is a city in and the county seat of St. Joseph County, Indiana, on the St. Joseph River near its southernmost bend, from which it derives its name. As of the 2020 census, the city had a total of 103,453 residents and is the fourth-largest city in Indiana. The metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199. The city is located just south of Indiana’s border with Michigan. The St. Joseph River shaped South Bend’s economy through the mid-20th century. River access assisted heavy industrial development such as that of the Studebaker Corporation, the Oliver Chilled Plow Company, and other large corporations. Today, the largest industries in South Bend are health care, education, small business, and tourism. Remaining large corporations based in the area include Crowe, Honeywell, and AM General. The city’s economy and culture are influenced by the nearby University of Notre Dame. The old Studebaker plant and surrounding area, now called Ignition Park, is being redeveloped as a technology center to attract new industry.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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