Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the single-tenant net-leased specialty medical office investment leased to Franciscan Alliance, Inc., one of the Midwest's premier investment-grade healthcare systems. The offering presents a compelling opportunity to acquire a well-located outpatient medical asset while generating a 13.38 percent CAP rate during the remaining lease term. Backed by an "AA" Fitch-rated healthcare system, the property combines institutional-quality tenancy with a rare double-digit going-in yield. The offering provides investors with strong current income while preserving multiple exit strategies, including lease extension with Franciscan Alliance or future repositioning to another medical or specialty user. Offered at approximately $168 per square foot, the acquisition basis is significantly below today's estimated replacement cost for a comparable outpatient medical facility, creating meaningful intrinsic value and helping mitigate downside risk. The tenant currently operates the Franciscan Physician Network Schererville Health Center from this location, providing crucial community-based medical services including Family Medicine, Internal Medicine, and Obstetrics & Gynecology. Franciscan has successfully occupied this 13,380-square-foot facility since its construction in 2006, demonstrating the property's long-standing strategic importance within Franciscan's regional outpatient network.