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Single-Tenant Office Medical

East Indiana Comprehensive Treatment Center | Lawrenceburg, IN (Cincinnati MSA)

816 Rudolph Way, Lawrenceburg, IN 47025

Listing Price: $2,655,000

Cap Rate
8.75%
Tenant Name
Eastern Indiana Comprehensive Treatment Center
Years Remaining On Lease
3.1
Gross SF
20,443
Guarantor
Corporate Guarantee
Rentable SF
20,443
Price/Gross SF
$129.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.26

Investment Overview

Marcus & Millichap is pleased to present the offering for the East Indiana Treatment Center (EITC) located at 816 Rudolph Way, Lawrenceburg, IN 47025. In 1995, EITC occupied 10% of the total building gross Leasable area (GLA) and has since expanded their space to occupy 90% of the building by 2009. The building is 100% Occupied by two tenants, EITC and a Roofing Company which is on a MTM lease since 2014. The current lease for EITC has 3.3-years remaining and is subject to 2.50% annual increases. The tenant is responsible for the interior and reimburses the landlord for 90% of the total CAM, Insurance, and Tax expenses. The subject property is located on a corner lot at the intersection of Minger Drive and Rudolph Way, with excellent visibility and multiple access points. Rudolph Way runs adjacent to US-50, which boasts over 33,800+ VPD. Subject property benefits from proximity to Lawrenceburg Schools with over 1,500+ Students and several prominent local attractions such as the Hollywood Casino and Lawrenceburg Speedway. The property also benefits from being within 2 miles north of a $33-Million Whiskey River Apartment Complex Development.

Investment Highlights

  • EITC Commitment to Site | 26+ Years of Occupancy | Started with 2,100-SF Grown to 18,443-SF
  • EITC Has 3+ Years Remaining with Annual 2.50% Rental Increases
  • EITC Occupies 90% of Total GLA and Reimburses 90% of Total CAM, Insurance, and Taxes Costs
  • Below Market Rent | Submarket Office Rent is $15.75/SF
  • Excellent Visibility & Access | Corner Lot | Proximity to US-50 with 33,841 VPD
  • Excellent Location | Proximity to Local Attractions: Hollywood Casino & Lawrenceburg Speedway
  • Within 1-Mile Drive to Lawrenceburg Primary & High Schools & Greendale Middle School | 1,580+ Total Students
  • Recent $32MM Whiskey River apartment complex development | 2-Miles to Subject Property

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Office Medical

East Indiana Comprehensive Treatment Center | Lawrenceburg, IN (Cincinnati MSA)

Listing Price: $2,655,000

Cap Rate
8.75%
Tenant Name
Eastern Indiana Comprehensive Treatment Center
Years Remaining On Lease
3.1
Gross SF
20,443
Guarantor
Corporate Guarantee
Rentable SF
20,443
Price/Gross SF
$129.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.26

Investment Highlights

  • EITC Commitment to Site | 26+ Years of Occupancy | Started with 2,100-SF Grown to 18,443-SF
  • EITC Has 3+ Years Remaining with Annual 2.50% Rental Increases
  • EITC Occupies 90% of Total GLA and Reimburses 90% of Total CAM, Insurance, and Taxes Costs
  • Below Market Rent | Submarket Office Rent is $15.75/SF
  • Excellent Visibility & Access | Corner Lot | Proximity to US-50 with 33,841 VPD
  • Excellent Location | Proximity to Local Attractions: Hollywood Casino & Lawrenceburg Speedway
  • Within 1-Mile Drive to Lawrenceburg Primary & High Schools & Greendale Middle School | 1,580+ Total Students
  • Recent $32MM Whiskey River apartment complex development | 2-Miles to Subject Property

Investment Overview

Marcus & Millichap is pleased to present the offering for the East Indiana Treatment Center (EITC) located at 816 Rudolph Way, Lawrenceburg, IN 47025. In 1995, EITC occupied 10% of the total building gross Leasable area (GLA) and has since expanded their space to occupy 90% of the building by 2009. The building is 100% Occupied by two tenants, EITC and a Roofing Company which is on a MTM lease since 2014. The current lease for EITC has 3.3-years remaining and is subject to 2.50% annual increases. The tenant is responsible for the interior and reimburses the landlord for 90% of the total CAM, Insurance, and Tax expenses. The subject property is located on a corner lot at the intersection of Minger Drive and Rudolph Way, with excellent visibility and multiple access points. Rudolph Way runs adjacent to US-50, which boasts over 33,800+ VPD. Subject property benefits from proximity to Lawrenceburg Schools with over 1,500+ Students and several prominent local attractions such as the Hollywood Casino and Lawrenceburg Speedway. The property also benefits from being within 2 miles north of a $33-Million Whiskey River Apartment Complex Development.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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