3988 W State Road 10
Wheatfield, IN 46392
Office Property For Sale

PROPERTY SUMMARY The Porter Clinic in Wheatfield, Indiana is the dominant primary care facility in the area. Originally, operating as the DeMotte Physicians group, the practice has been serving patients in northern Indiana for over 50 years. The practice was acquired by Porter Physician Group, a multi-specialty group with 65 dedicated providers. Porter Physician Services has 28 locations across six counties in northern Indiana specializing in family medicine, internal medicine, urology, general surgery, pulmonary-critical care medicine, hematology-oncology, otolaryngology and cardiovascular medicine. This new clinic location completed at the request of the physicians in 2019 to enable them to continue their long history of providing high quality healthcare services to patients in the area. The property is leased by Porter Physician Services, LLC, which is a wholly-owned subsidiary of Nashville-based Community Health Systems (NYSE – “CHS”). The Wheatland clinic is a part of CHS’s Accountable Care Strategy for Northwest Indiana. The Wheatland clinic is strategically located to provide access to patients in within the target area of the three local CHS hospitals. . Clinics like Wheatland provide services to the local community of patients in a convenient, lower-cost setting and provide referrals to other Porter specialty physicians and CHS hospitals as additional services are needed. Publicly-traded CHS has 108 hospitals in 18 states. Revenue for 2018 in excess of $13 billion and EBITDA for 2018 is approximately $1.6 billion. 5,625 SF Clinic on 0.85 Acres Located off of a major street Stable residential neighborhood Property completely renovated in 2018 Easy access to interstate highways Across from the high school and adjacent to retail center Abundant parking Less than one mile from local hospital 45 minutes from three CHS hospitals 100% Leased to Porter Physician Services, LLC PPS is a subsidiary of Community Health Systems New 120 month lease NNN expenses and maintenance paid by the tenant