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Single-Tenant Office Medical

Michiana Gastroenterology

17501 Generations Dr, South Bend, IN 46635

Listing Price: $2,939,428

Cap Rate
6.75%
Tenant Name
Michiana Gastroenterology
Gross SF
9,938
Guarantor
Corporate Guarantee
Rentable SF
9,938
Price/Gross SF
$295.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.00

Investment Overview

Marcus and Millichap is pleased to offer the Michiana Gastroenterology building located in South Bend, Indiana. The property is a single tenant 9,938-square-foot single tenant medical office building. The Michiana Gastroenterology building is being offered as a 10-year sale-leaseback with two percent annual rent increases and two five year renewal options. Michiana Gastroenterology Inc is a medical group practice that specializes in Gastroenterology and Nursing. The practice includes a team of board certified physicians and staff providing the latest treatment options and procedures for acid reflux, celiac disease, colitis, colon cancer, colon polyps, crohns, hepatitis, and irritable bowel syndrome. The practice also performs procedures ranging from upper endoscopy related issues and colonoscopy's. This property offers investors the opportunity to acquire a key medical asset with excellent history, reputation, and stable long-term passive cash flow. Located right off a major thoroughfare, this location offers great access for patients and physicians, while sitting in the shadow of the renowned University of Notre Dame. Offering an exceptional location, outstanding accessibility, abundant amenities and stable cash flow, the Michiana Gastroenterology building represents an excellent core investment with low risk.

Investment Highlights

  • 9,938-Square-Foot, Single Tenant Medical Office Building, Sale-Leaseback with Michiana Gastroenterology Inc. a Six Physician Practice with Four Locations
  • Fresh 10 Year Sale and Leaseback at the Close of Escrow, Triple-Net Lease
  • Close Proximity to Saint Joseph Regional Medical Center Hospital, a 254-Bed Acute Care Facility
  • Strategically Located in Medical Corridor Off State-Road 23, a High-Traffic Area, with All Available Amenities
  • Approximately One Mile to the Renowned University of Notre Dame, Over 14,000 Students and Academic Staff, $11.96 Billon Endowment

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Office Medical

Michiana Gastroenterology

Listing Price: $2,939,428

Cap Rate
6.75%
Tenant Name
Michiana Gastroenterology
Gross SF
9,938
Guarantor
Corporate Guarantee
Rentable SF
9,938
Price/Gross SF
$295.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.00

Investment Highlights

  • 9,938-Square-Foot, Single Tenant Medical Office Building, Sale-Leaseback with Michiana Gastroenterology Inc. a Six Physician Practice with Four Locations
  • Fresh 10 Year Sale and Leaseback at the Close of Escrow, Triple-Net Lease
  • Close Proximity to Saint Joseph Regional Medical Center Hospital, a 254-Bed Acute Care Facility
  • Strategically Located in Medical Corridor Off State-Road 23, a High-Traffic Area, with All Available Amenities
  • Approximately One Mile to the Renowned University of Notre Dame, Over 14,000 Students and Academic Staff, $11.96 Billon Endowment

Investment Overview

Marcus and Millichap is pleased to offer the Michiana Gastroenterology building located in South Bend, Indiana. The property is a single tenant 9,938-square-foot single tenant medical office building. The Michiana Gastroenterology building is being offered as a 10-year sale-leaseback with two percent annual rent increases and two five year renewal options. Michiana Gastroenterology Inc is a medical group practice that specializes in Gastroenterology and Nursing. The practice includes a team of board certified physicians and staff providing the latest treatment options and procedures for acid reflux, celiac disease, colitis, colon cancer, colon polyps, crohns, hepatitis, and irritable bowel syndrome. The practice also performs procedures ranging from upper endoscopy related issues and colonoscopy's. This property offers investors the opportunity to acquire a key medical asset with excellent history, reputation, and stable long-term passive cash flow. Located right off a major thoroughfare, this location offers great access for patients and physicians, while sitting in the shadow of the renowned University of Notre Dame. Offering an exceptional location, outstanding accessibility, abundant amenities and stable cash flow, the Michiana Gastroenterology building represents an excellent core investment with low risk.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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