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20 Alpine Dr
Batesville, IN 47006
AccuDoc Urgent Care · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
- 7 Year Base Lease Term with Two, Five-Year Options to Renew
- Limited Market Competition-Only Urgent Care Facility in Batesville
- Experienced Medical Doctor Operating at this Location Since 2004
- 2% Annual Rental Increases During Base Term and at Each Renewal Option Period
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale the AccuDoc Urgent Care in Batesville, Indiana. The Property will feature a brand-new, 7-year passive lease that will commence upon close of escrow and will offer 2% annual rental increases during the initial base term with two, five-year option periods. The tenant is responsible for common area maintenance, property taxes, insurance and all exterior repairs & maintenance to the building; offering a complete zero landlord responsibility passive investment. The operator is highly experienced and has been operating their practice in this market since 2004.
The offering is the perfect investment opportunity for any passive investor looking for quality real estate with a long-term lease in place with zero landlord responsibilities with an experienced medical operator.
The offering is the perfect investment opportunity for any passive investor looking for quality real estate with a long-term lease in place with zero landlord responsibilities with an experienced medical operator.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Building Size
6,329 SF
Building Class
B
Year Built
2012
Price
$2,010,125 CAD
Price Per SF
$317.61 CAD
Cap Rate
7.50%
NOI
$150,759 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.47 AC
Zoning
C-1 - Commercial
Parking
33 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
227’ on Alpine Drive
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 24-13-17-401-002.000-015 | Improvements Assessment | $964,367 CAD |
| Land Assessment | $175,698 CAD | Total Assessment | $1,140,066 CAD |
PROPERTY TAXES
Parcel Number
24-13-17-401-002.000-015
Land Assessment
$175,698 CAD
Improvements Assessment
$964,367 CAD
Total Assessment
$1,140,066 CAD
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