4900 Broadway | Gary, IN 46408
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- LoopNet Team
4900 Broadway
Gary, IN 46408
Oak Street Health | NNN Lease | $10.6B Val. · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Inflationary Protected Lease – This lease features above-market, 2.50% annual rent increases, providing a major cash flow boost
- Industry-Leading National Operator – Oak Street Health operates 169 healthcare facilities across 21 states and is the chosen provider of AARP
- Humana Inc. Partnership – In 2015, Oak Street Health forged a strategic partnership with Humana Inc., the 3rd largest health insurance company
- Passive NNN Lease – This building features a NNN lease with minimal landlord responsibilities, providing a passive investment vehicle for both local
- High Growth Company – Oak Street Health’s revenue grew 62% year over year for calendar year 2021. Total Revenue projected by Oak Street for 2022
- CVS Acquires Oak Street Health For $10.6B+ - Tenant's valuation nearly doubled from $5.5B to $10.6B providing a significant credit enhancement
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
7,597 SF
Building Class
B
Year Built/Renovated
1952/2019
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,597 SF
Building FAR
0.36
Lot Size
0.49 AC
Parking
42 Spaces (6.58 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 45-08-33-429-015.000-004 | Improvements Assessment | $187,600 |
| Land Assessment | $40,900 | Total Assessment | $228,500 |
PROPERTY TAXES
Parcel Number
45-08-33-429-015.000-004
Land Assessment
$40,900
Improvements Assessment
$187,600
Total Assessment
$228,500
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