Healthcare

Community Health Network - Noblesville, IN

18000 River Rd Noblesville, Indiana United States 46062-8329
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1991
Building Area
Land Area

Property Description

JLL is pleased to offer for sale the fee simple interest in a medical office property located in Noblesville, Indiana. The property is leased to Community Health Network, one of the largest healthcare systems in Indiana with $2.6 billion in annual revenue and over 1,000 hospital beds. Community Health Network is operating on a double-net lease structure with minimal landlord responsibilities, annual rental increases, and more than eight years of remaining lease term. The property serves as an otolaryngology office and is one of only two otolaryngology offices within a five-mile radius, providing it with significant market share. This offering presents the opportunity to acquire a medical office leased to an investment grade tenant with a high margin medical practice and limited competition.


Investment Highlights

  • Double-net lease with 8+ years of term remaining and minimal landlord responsibilities
  • High margin medical practice with significant market share
  • 2%annual rental increases
  • Investment grade tenancy from Community Health Network Inc. (Moody's: A2)
  • Adjacent to $53 million development project
  • 108.5% population growth within 5-mile radius since 2000
Last Updated Date: 16 Oct 2020
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243

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Last Updated Date: 16 Oct 2020

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