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Team Rehabilitation Physical Therapy 613 W Lincoln Rd 6,873 SF Office Building Kokomo, IN 46902 $2,457,059 CAD ($357.49 CAD/SF) 7.50% Cap Rate
Investment Highlights
- New 10-Year NNN Lease
- Corporate Guarenty
- Minimal Landlord Responsibilities
- 2.5% Annual Rent Increases
- Three 5-Year Renewal Options
Executive Summary
The DiSalvo Group, in cooperation with Cresa, is pleased to present the opportunity to acquire a single-tenant medical office investment located at 613 W. Lincoln Road in Kokomo, Indiana. The 6,873-square-foot property is 100% leased to Team Rehabilitation Physical Therapy, an established outpatient physical and occupational therapy provider. The property benefits from an established healthcare use and a convenient location serving Kokomo and the surrounding Howard County market.
Team Rehabilitation recently executed a new 10-year NNN lease featuring 2.5% annual rent increases, three additional five-year renewal options, and a corporate guaranty. The long-term lease commitment, contractual rent growth, and limited landlord responsibilities provide investors with durable cash flow and an attractive single-tenant healthcare investment.
Team Rehabilitation recently executed a new 10-year NNN lease featuring 2.5% annual rent increases, three additional five-year renewal options, and a corporate guaranty. The long-term lease commitment, contractual rent growth, and limited landlord responsibilities provide investors with durable cash flow and an attractive single-tenant healthcare investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,873 SF
Building Class
B
Year Built
2008
Price
$2,457,059 CAD
Price Per SF
$357.49 CAD
Cap Rate
7.50%
NOI
$184,223 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,873 SF
Building FAR
0.09
Lot Size
1.82 AC
Zoning
Commercial
Parking
50 Spaces (0 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 34-09-12-327-018.000-002 | Improvements Assessment | $905,523 CAD |
| Land Assessment | $292,638 CAD | Total Assessment | $1,198,161 CAD |
Property Taxes
Parcel Number
34-09-12-327-018.000-002
Land Assessment
$292,638 CAD
Improvements Assessment
$905,523 CAD
Total Assessment
$1,198,161 CAD
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Team Rehabilitation Physical Therapy | 613 W Lincoln Rd
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