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2200 Market St - North Clark Community Hospital 88,294 SF Health Care Building Offered at $43,886,000 at a 9.27% Cap Rate in Charlestown, IN 47111
INVESTMENT HIGHLIGHTS
- LONG-TERM, ABSOLUTE NNN LEASE – The hospital operates under a 15-Year Absolute NNN lease with zero landlord responsibilities.
- MISSION-CRITICAL HEALTHCARE FACILITY – The nearest inpatient facility nearly a half-hour drive from the property.
- 9.27% CAP RATE
- STEADY INCOME GROWTH WITH ANNUAL INCREASES – Built-in 2% rent escalations throughout the term and options hedge against inflation.
- STUDS-OUT RENOVATION – The fully renovated property is expected to be delivered December 2025.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 10-18-15-500-021.000-004 | Improvements Assessment | $521,800 |
| Land Assessment | $409,100 | Total Assessment | $930,900 |
PROPERTY TAXES
Parcel Number
10-18-15-500-021.000-004
Land Assessment
$409,100
Improvements Assessment
$521,800
Total Assessment
$930,900
CONTACTS
-
Remi Bogdanovich -
Kyle Mackulak -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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2200 Market St - North Clark Community Hospital
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