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Single-Tenant Office Medical

First Care Urgent Care

2422 16th St, Bedford, IN 47421

Listing Price: $2,640,000

Cap Rate
6.25%
Tenant Name
First Care Urgent Care
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.67

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a First Care located at 2418 & 2422 16th St in Bedford, Indiana. The site consists of roughly 4,500 rentable square feet of building space on estimated 0.72-acre parcel of land. This First Care is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 19th, 2017. The current annual rent is $150,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the two (2), ten (10)-year renewal options. Pricing is based off the upcoming rental increase to$165,000 that will occur on December 18th, 2022.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease | Over 12 Years of NNN Term Remaining
  • Phenomenal Exposure | Located in Main Retail Corridor | Surrounded by National Tenants
  • Strategic Location | Located Less than a Quarter of a Mile from Indiana University Health Hospital Campus | Ideal Location for an Urgent Care Walk In Clinic

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

First Care Urgent Care

Listing Price: $2,640,000

Cap Rate
6.25%
Tenant Name
First Care Urgent Care
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.67

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease | Over 12 Years of NNN Term Remaining
  • Phenomenal Exposure | Located in Main Retail Corridor | Surrounded by National Tenants
  • Strategic Location | Located Less than a Quarter of a Mile from Indiana University Health Hospital Campus | Ideal Location for an Urgent Care Walk In Clinic

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a First Care located at 2418 & 2422 16th St in Bedford, Indiana. The site consists of roughly 4,500 rentable square feet of building space on estimated 0.72-acre parcel of land. This First Care is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 19th, 2017. The current annual rent is $150,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the two (2), ten (10)-year renewal options. Pricing is based off the upcoming rental increase to$165,000 that will occur on December 18th, 2022.

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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