3224 Lincoln Way | South Bend, IN 46628
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3224 Lincoln Way
South Bend, IN 46628
South Bend Animal Clinic · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Very Passive Lease Structure – This investment offers a potential investor a passive investment with minimal landlord responsibilities
- Practice Acquired by National Veterinary Operator – The Animal Hospital of Howard was acquired by VetCor, Inc. (470+ Locations)
- Dense Demographics, South Bend Real Estate – The clinic is located in South Bend, Indiana; the fourth largest city in Indiana
- In?ation-Protected Lease Structure – Attractive 2% annual rental increases are built in throughout the base term and option periods
- Proximity to University of Notre Dame – Subject property is located minutes from the University of Notre Dame
- Extremely Insulated to Economic Downturns – Pet Care spending grew during the past two economic downturns and recessions
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,100 SF
Building Class
C
Year Built
1967
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.51 AC
Zoning
C - Commercial
Parking
35 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
159’ on Lincoln Way
PROPERTY TAXES
| Parcel Number | 71-08-04-228-017.000-026 | Improvements Assessment | $89,200 |
| Land Assessment | $9,300 | Total Assessment | $98,500 |
PROPERTY TAXES
Parcel Number
71-08-04-228-017.000-026
Land Assessment
$9,300
Improvements Assessment
$89,200
Total Assessment
$98,500
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