1010 S Reed Rd
Kokomo, IN 46901
Health Care Property For Sale · 6,048 SF

Marcus & Millichap is pleased to present for sale leasehold interest in MedExpress Urgent Care, located at 1010 South Reed Road in Kokomo, Indiana. MedExpress is a freestanding, 4,800 square foot property that sits on .87 acres and was completely renovated at the tenant’s expense in 2013. Urgent Care MSO, LLC (MedExpress Urgent Care) is a division of UnitedHealth Group which is currently ranked #6 on the Fortune 500 Ranking, and rated A+ Investment Grade by S&P. The property has excellent exposure and easy ingress from S Reed Road, where the traffic count exceeds 25,000 cars per day. It is located across from Target and Carson’s anchored Markland Mall and near Hobby Lobby, Sam’s Club, McDonald’s, Walmart, Starbucks, Chipotle and more. MedExpress is also 1 Mile South of Kokomo Plaza and 1 Mile North of Kokomo Town Center with JcPenney, AMC Theatre, Buffalo Wild Wings, McAlister’s Deli, Koh’s, T.J.Maxx and more – Please see aerial. MedExpress currently has over 5 Years remaining on the lease before two, five year options with 10% rental escalations. MedExpress pays base rent of $16.80 per square foot plus its percentage share of common area maintenance, and reimburses for taxes and insurance. The Landlord is responsible for the roof, HVAC, and the land lease expense. There is additional income from the billboard lease of $7,800 per year. MedExpress is a rapidly expanding, privately owned company dedicated to providing the best medical care and best health care experience for its patients and employees. By infusing compassion and convenience into their treatment, they are not just raising the bar for urgent care, but redefining the delivery of health care as well. There are currently over 200 locations in 16 states.