1732 W North St | Kendallville, IN 46755
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1732 W North St
Kendallville, IN 46755
NNN, 15 Yr Fast Pace Urgent| 7.21% CAP 2027 · Retail Property For Sale
Investment Highlights
- Newer Medical (2022) Construction, State-of-the-Art Fast Pace Urgent Care Location: Long-Term, NNN Lease with Approx. 13.5 Years of Term Remaining
- No Daily Management Responsibilities: Tenant Responsible for All Daily Mgmt, Real Estate Taxes & Insurance w/ Growing National Tenant (275+ Location
- Growing Community Targeted Medical Necessity: Ideal Demographics: Average Household Incomes of Approximately $93,000 Within a 1-Mile Radius
- Multiple 10% Rental Increases, Offering Continual Income Growth & Taking the CAP Rate to 7.21% by Year 2027 and 7.93% CAP in Year 2032
- Corporately Backed, Single-Tenant Location with Sought-After Well-Known National Tenant (275+ Current Locations in 6 States)
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,726 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.00 AC
Parking
23 Spaces (6.17 Spaces per 1,000 SF Leased)
Frontage
157’ on West North Street
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
Property Taxes
| Parcel Number | 57-07-30-200-031.000-020 | Improvements Assessment | $443,000 |
| Land Assessment | $224,100 | Total Assessment | $667,100 |
Property Taxes
Parcel Number
57-07-30-200-031.000-020
Land Assessment
$224,100
Improvements Assessment
$443,000
Total Assessment
$667,100
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