Healthcare/Office    

LINCOLN MEDICAL PARK
Anchored By: ASCENSION MEDICAL GROUP (MOODY'S AA2) & OPTUM (UNITEDHEALTH GROUP MOODY'S A2)

 Kokomo, Indiana

Asking Price

$1,954,000

Cap Rate

7.00%

Icons_Office

Total Size

11,442 SF

Icons_Medical_Medical

Property Use

Podiatry, Primary Care, Urology

Outparcel-White-Icon

Land Size

3.02 Acres

Householdincome - white-02-1

Avg. HH Income (3-Mile)

$78,691

Icons_YrBuilt-Hammer-Icon

Year Built | Reno

1990 | 2021

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • 3 MILES FROM ASCENSION HOSPITAL  - Short-Term acute care hospital with 129 beds.
  • HEAVILY TRAFFICKED SUBURBAN LOCATION - The site is next to the intersection of S. Dixon Road and W. Lincoln Road, both major thoroughfares seeing a combined 23,081 vehicles per day.
  • BELOW MARKET RENT – The Leases feature annual rents of $10.11-$14.24 PSF, which sit below the submarket’s average asking medical rental rate of $15-$18 PSF, creating attractive residual value and positioning the property well for the prospect of a new tenant.
  • BEST-IN-CLASS INVESTMENT GRADE OPERATORS – American Health Network is a part of Optum, the fast growing part of UnitedHealth Group (A2 Moody's). Ascension is one of the largest private healthcare systems in the United States ranking third in the United States by number of hospitals as of 2021.
  • SYNERGISTIC MEDICAL CAMPUS TENANT MIX – The Property is within the well-known Lincoln Medical Park, which offers an array of medical tenants.
  • RECENT TENANT IMPROVEMENTS - The Property's interior has been recently renovated to feel up-to-date and consistent with the high standards patients expect.

 


Exclusively Listed By

Christian Vaughan

Vice President
  cvaughan@northmarq.com      918.794.9544

Toby Scrivner

Senior Vice President
  tscrivner@northmarq.com      918.794.9554

Jeff Matulis

Senior Vice President
  jmatulis@northmarq.com      918.794.9525

In Association With
BJ Feller

Indiana Lic #RB14036515

Northmarq

6120 South Yale Ave | Suite 300
Tulsa, Oklahoma 74136


northmarq.com