Investment Overview

Marcus & Millichap is pleased to exclusively represent the MedMark Treatment Center location at 4705 Meijer Court, Lafayette, Indiana (Lafayette-West Lafayette, Indiana MSA, Population: 223,716). The subject property is a 12,720 SF STNL medical office building built in 2005, renovated in 2018, situated on a 3.48-acre lot. In an irreplaceable location adjacent to the I-65 (57,160 VPD) and Indiana State Road 26 (21,879 VPD) interchange, the subject property features approximately 560 linear feet of frontage along I-65. Positioned within a dense retail corridor, it is surrounded by a variety of national retailers and hotels, such as Walmart, Meijer, McDonald's, Lowe's, Target, and The Home Depot. Essential healthcare facilities, such as IU Health Arnott Hospital, Franciscan Health Lafayette East Hospital, and Sycamore Springs Hospital are located 5 minutes away. Since 2018, the subject property has been leased to Baymark Health Services dba MedMark Treatment Centers. BayMark, owned by Webster Equity Partners—a private equity firm with a substantial investment portfolio exceeding $1.4 billion in healthcare services—is the largest provider of medication-assisted treatment (MAT) for substance use disorders in North America. They manage over 400 programs across the United States and Canada, with over 73,000 patients and an annual revenue of $367 million. BayMark recently executed a 5-year NNN renewal (4 years remaining) with minimal landlord responsibilities (roof and structure) and operating expenses paid by the tenant. The tenant has (1) additional 5-year renewal following the current lease term. Lafayette presents an educated demographic profile. Purdue University, a renowned Big Ten school with an enrollment of 50,884, is located 15 minutes from the subject property, and 29% of residents aged 25 and above hold a bachelor's degree. The area encompasses 185,981 residents within a 10-mile radius, with an average household income of $70,137. Conveniently located, I-65 facilitates quick access, allowing drivers to reach Indianapolis within one hour and Chicago within two hours. This investment offers stability with in-place cash flow and long-term value/covered land play for future redevelopment along the interstate.