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51565 Bittersweet Rd
Granger, IN 46530
Smile Doctors · Office Property For Sale

Investment Highlights

  • Anchor Tenant – Smile Doctors occupies over 60% of the subject property. Smile Doctors is a national operator with over 300 locations
  • Passive Structure – The tenants cover over 80% of the taxes, insurance, and maintenance leaving little responsibilities to the new landlord
  • Value Add Component – The property has 750 SF of vacant office space and Smile Doctors has less than 3 years on their current lease
  • Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce
  • Above Average Rental Increases –Smile Doctors has approximately 6.50% rental increase and Fulton has approximately 4%

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
8,268 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,268 SF
Building FAR
0.09
Lot Size
2.00 AC
Zoning
Commercial
Parking
75 Spaces (9.07 Spaces per 1,000 SF Leased)

Property Taxes

Property Taxes

Parcel Number
71-05-18-327-004.000-011
Land Assessment
$218,500
Improvements Assessment
$476,000
Total Assessment
$694,500
  • Listing ID: 26286388

  • Date on Market: 7/29/2022

  • Last Updated:

  • Address: 51565 Bittersweet Rd, Granger, IN 46530

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