14828 Greyhound CtCarmel, IN 46032

This exceptional 13,825 square foot medical office building in Carmel, Indiana, presents a compelling investment opportunity. Located at 14828 Greyhound Ct, 46032, this property boasts a strong 5.00% cap rate and a new 10-year lease (commencing September 21, 2024 and expiring September 29, 2034) with Indiana University Health, a tenant with an "AA" credit rating from Fitch. The building, constructed in 1995, features high-quality brick/stone construction and ample parking (75 spaces) on a 2-acre lot. The lease is a NNN (Triple Net) lease, meaning the tenant is responsible for all building expenses, including management fees. Indiana University Health recently completed a $3 million+ build-out. The property benefits from a prime location in a desirable suburban setting, surrounded by major retailers such as Walmart, Target, Menards, Lowe's, Whole Foods, and LA Fitness, and enjoys an average household income exceeding $139,000 within a 5-mile radius, encompassing a population of over 158,000 residents. The asking price is $5,000,000, translating to $361.66 per square foot. The property's APN is 09-09-13-00-00-012.034. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a secure, long-term lease and significant upside potential.