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744 E Lewis and Clark Pky - Local MD Urgent Care Investment Offering 3,500 SF Health Care Building Offered at $3,449,199 CAD at a 6.25% Cap Rate in Clarksville, IN 47129
Investment Highlights
- Nearly 20,000 VPD on Lewis & Clark Pkwy in front of site
- Brand new single-tenant development in well established regional trade area, located along I-65
- Limited landlord responsibility (roof & structure (new construction building with 20-year roof warranty))
- Convenient access at signalized intersection, directly across from Green Tree Mall, Southern Indiana’s only enclosed mall
- Recently executed 10-year lease with corporate guarantee from strong national tenant
Executive Summary
Qualified investors are extended the opportunity to acquire a 100.0% fee simple interest in a newly constructed NN lease Local MD Urgent Care in Clarksville, IN, a major regional trade area of Southern, Indiana. The initial lease term is ten (10) years with three (3) five (5) year extension terms and limited landlord responsibility. Local MD Urgent Care is a growing regional healthcare provider specializing in walk-in medical services for non-life-threatening injuries and illnesses, with 12 urgent care locations across Illinois and Indiana.
The property is a ± 0.67-acre outlot with a 3,500 square foot single-tenant building with frontage along East Lewis and Clark Parkway. It is situated at a signalized intersection, shared with Green Tree Mall, Southern Indiana’s only enclosed mall. The site is passed by nearly 20,000 vehicles per day on East Lewis and Clark Parkway and its strategic location along I-65 puts this property in the dominant regional shopping area for Southern Indiana.
The property is a ± 0.67-acre outlot with a 3,500 square foot single-tenant building with frontage along East Lewis and Clark Parkway. It is situated at a signalized intersection, shared with Green Tree Mall, Southern Indiana’s only enclosed mall. The site is passed by nearly 20,000 vehicles per day on East Lewis and Clark Parkway and its strategic location along I-65 puts this property in the dominant regional shopping area for Southern Indiana.
Property Facts
| Price | $3,449,199 CAD | Lot Size | 0.67 AC |
| Price Per Bed | $344,920 CAD | Building Size | 3,500 SF |
| Sale Type | Investment | No. Beds | 10 |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2023 |
| Building Class | B |
| Price | $3,449,199 CAD |
| Price Per Bed | $344,920 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 0.67 AC |
| Building Size | 3,500 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built | 2023 |
Property Taxes
| Parcel Number | 10-14-01-901-416.000-012 | Improvements Assessment | $710,234 CAD |
| Land Assessment | $366,820 CAD | Total Assessment | $1,077,054 CAD |
Property Taxes
Parcel Number
10-14-01-901-416.000-012
Land Assessment
$366,820 CAD
Improvements Assessment
$710,234 CAD
Total Assessment
$1,077,054 CAD
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744 E Lewis and Clark Pky - Local MD Urgent Care Investment Offering
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