Single-Tenant Office Medical

Pinnacle Treatment Center

Listing Price: $1,458,000

Cap Rate
6.50%
Tenant Name
Pinnacle Treatment Center
Years Remaining On Lease
16.30
Gross SF
6,400
Guarantor
Corporate Guarantee
Rentable SF
6,400
Price/Gross SF
$227.81
Lease Type
Absolute Net
Rent Per Square Feet
$14.80

Investment Overview

Marcus & Millichap is pleased to present the Pinnacle Treatment Center located in Hagerstown, Indiana.

The 6,400 square foot building was just recently renovated in 2020 and is positioned on about 1 acre along East Main Street. The building has excellent exposure and easy accessibility, and is positioned on the west side of Hagerstown near the intersection of East Main Street and Indiana State Highway 1. Dollar General sits next-door to the west and Hagerstown IGA is just down the street to the East as you head into downtown Hagerstown. The city of Hagerstown sits ideally between both Newcastle and Richmond, just 11 miles outside Newcastle and 13 miles outside Richmond. Newcastle is infamous for being home to the New Castle Fieldhouse, which is the largest high school gymnasium in the world.

Pinnacle Treatment Centers lease commenced on April 1, 2020 and is set to expire January 1, 2037, leaving more than 16 years of lease term remaining. The lease is considered absolute net, with the landlord having zero responsibilities and the tenant being directly responsible for all expenses associated with the building including the roof, structure and HVAC. There are rare 3 percent annual increases in both the base lease term and in the ten-year renewal option.

Pinnacle Treatment Centers provide inpatient and outpatient treatment for those suffering from addiction. Their services include drug-free and medication-assisted treatment, through a network of 102 facilities across Pennsylvania, New Jersey, Virginia, Indiana, Ohio, Kentucky and California.

Investment Highlights

  • 6,400 Square Foot Freestanding Medical Office Building with High Quality Construction
  • 2020 Renovation for Pinnacle Treatment Center
  • New Lease Signed | Commenced April 2020 | 16+ Years Remaining
  • Absolute Net Lease with Zero Landlord Responsibilities
  • Rare 3% Annual Rent Increases in both the Base Term & in the Ten-Year Renewal Option
  • Pinnacle Treatment Center has 102 Locations Across 7 States

Exclusively Listed By

Single-Tenant Office Medical

Pinnacle Treatment Center

Listing Price: $1,458,000

Cap Rate
6.50%
Tenant Name
Pinnacle Treatment Center
Years Remaining On Lease
16.30
Gross SF
6,400
Guarantor
Corporate Guarantee
Rentable SF
6,400
Price/Gross SF
$227.81
Lease Type
Absolute Net
Rent Per Square Feet
$14.80

Investment Highlights

  • 6,400 Square Foot Freestanding Medical Office Building with High Quality Construction
  • 2020 Renovation for Pinnacle Treatment Center
  • New Lease Signed | Commenced April 2020 | 16+ Years Remaining
  • Absolute Net Lease with Zero Landlord Responsibilities
  • Rare 3% Annual Rent Increases in both the Base Term & in the Ten-Year Renewal Option
  • Pinnacle Treatment Center has 102 Locations Across 7 States

Investment Overview

Marcus & Millichap is pleased to present the Pinnacle Treatment Center located in Hagerstown, Indiana.

The 6,400 square foot building was just recently renovated in 2020 and is positioned on about 1 acre along East Main Street. The building has excellent exposure and easy accessibility, and is positioned on the west side of Hagerstown near the intersection of East Main Street and Indiana State Highway 1. Dollar General sits next-door to the west and Hagerstown IGA is just down the street to the East as you head into downtown Hagerstown. The city of Hagerstown sits ideally between both Newcastle and Richmond, just 11 miles outside Newcastle and 13 miles outside Richmond. Newcastle is infamous for being home to the New Castle Fieldhouse, which is the largest high school gymnasium in the world.

Pinnacle Treatment Centers lease commenced on April 1, 2020 and is set to expire January 1, 2037, leaving more than 16 years of lease term remaining. The lease is considered absolute net, with the landlord having zero responsibilities and the tenant being directly responsible for all expenses associated with the building including the roof, structure and HVAC. There are rare 3 percent annual increases in both the base lease term and in the ten-year renewal option.

Pinnacle Treatment Centers provide inpatient and outpatient treatment for those suffering from addiction. Their services include drug-free and medication-assisted treatment, through a network of 102 facilities across Pennsylvania, New Jersey, Virginia, Indiana, Ohio, Kentucky and California.

Exclusively Listed By

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