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Independent Adult Day Care | Indianapolis, INsale

Independent Adult Day Care | Indianapolis, IN

, For Sale.

Investment Highlights

  • New 10 Year Lease Began 09/13/2017

  • Commercial Grade, Interactive Kitchen

  • Attractive Lease Rate Increase

  • 18 Foot Ceilings with Full Length and Elevated Windows for Excellent Natural Light

  • Secure Storage Areas for Rx and Records

  • Library/Den/Assessment Room

  • Hotel Style Design & Finishes

  • $1.1M Renovation Completed at Tenants Expense

  • Guest Lockers for Visitors

Investment Summary

CAP Rate: 8.00%
Lessee: Independent Adult Day Care Centers of Indiana – Shelby, LLC
Building Size: ±9,464 Square Feet
Land Area: ±29,439 Square Feet
Lease Expiration: September 13, 2027
Lease Options: 2 x 5 Year Options
NOI: $94,640
Lease Type: NN Lease – Landlord Responsible for Roof & Structure
Increases: 10% Every 5 Years
Guarantee: Personal Guarantee – Ask Broker

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