American Renal Associates - Single Tenant Net
14,418 SF | Retail Building | Hammond, IN 46320 | $3,222,000 ($223/SF) | 9% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,222,000
- Property Type
-
Retail
- Square Feet
- 14,418 SF
- Price / Square Foot
- $223
Listing Contacts
Jereme Snyder
Verified Profile
Eric Carlton
Verified Profile
Saimir Qalliu
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire a single tenant net lease medical asset investment in the Chicago MSA. American Renal Associates is a subsidiary of Innovative Renal Care and operates over 230 clinics across 26 states. The Dialysis Center of Hammond has over 4 lease years remaining in the primary term, two 5-year option periods, and an unconditional, absolute and irrevocable guarantee making this asset ideal for a 1031 exchange of an investor desiring passive income. The 14,445 SF building on large 2.25-acre parcel is strategically positioned on the hard corner signalized intersections of Sibley Street, State Line Road and State Street which has a combined traffic count exceeding 26,400 VPD and is 23 miles from downtown Chicago (MSA Population: 9.4M). Nearby retailers include ALDI, Strack & Van Til Supermarket, Family Dollar, Walgreens, AutoZone, O’Reilly Auto Parts, McDonald’s, Popeyes, Dunkin’, Taco Bell and Wendy’s.
Property Details
- Class
- B
- Year Built/Renovated
- 2003/2015
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 98,010 SF
Highlights
- American Renal Associates – Dialysis Center of Hammond, IN STNL Medical Asset
- Over 4 Years Remaining in Primary Term - Two 5 Year Option Periods
- Unconditional, Absolute & Irrevocable Guarantee
- Subsidiary of Innovative Renal Care – 230+ Clinics Across 25 States Internet Resistant Tenant
- 14,445 SF Building on Large 2.25 Acre Parcel
- Hard Corner Signalized Intersections of Sibley St, State Line Rd & State St. Over 26,400 VPD
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