6826 Madison AveIndianapolis, IN 46227

For Sale
$3,439,000

High-yield, Fresenius Medical Care NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple 11,847 square foot medical office building in Indianapolis, Indiana. The property, built in 2017, is 100% occupied by Fresenius Medical Care, a globally recognized leader in dialysis services, under a Net Net Net (NNN) lease with 6.9 years remaining until the first option period. The lease commenced October 7, 2016, and expires October 31, 2031, with options for lease extensions. Annual rent bumps are 1.02% (1.017% in options). The property boasts a strong NOI of $206,342, representing a 6.00% capitalization rate based on the asking price of $3,439,000. Situated on a 1.23-acre lot with 34 parking spaces, the single-story building enjoys high visibility due to its direct frontage on Madison Avenue, a major thoroughfare with over 21,000 vehicles per day. The property benefits from its location near a Dollar General-anchored center and a new, 93-unit apartment development, indicating strong growth in the area. Multiple senior housing complexes are also nearby, further supporting the property's strategic location. The property's zoning is ZO01. The APN is 49-15-07-154-009.000-500. This is a rare opportunity to acquire a high-performing medical office building with a long-term lease to a creditworthy tenant in a rapidly growing market.

Highlights

  • Fee-simple 11,847 SF medical office building in Indianapolis, IN.
  • 100% occupied by Fresenius Medical Care under a NNN lease with 6.9 years remaining until the first option period, expiring October 31, 2031.
  • Strong NOI of $206,342 and a 6.00% cap rate based on the $3,439,000 asking price.
  • Located on a 1.23-acre lot with 34 parking spaces, offering high visibility on Madison Avenue.

Property Details for 6826 Madison Ave

Property type
Other office properties, Medical offices
Square Feet
11,847 SF
Class
B
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
53,579 SF
Units
1

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.666337100435
Longitude
-86.128391057401
6826 Madison Ave, Indianapolis, Indiana

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6826 Madison Ave
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