Shore Terrace Medical Center presents a compelling opportunity to acquire a stabilized, healthcare-anchored medical office building in the dynamic Indianapolis market. The 42,632-square-foot, two-story facility is 89.8% leased and benefits from a strong weighted average lease term (WALT) of 8.2 years. The property is governed by NNN leases featuring annual escalations of 2.00–2.50%, delivering durable income and consistent contractual growth. Anchored by essential healthcare providers, Fresenius Medical Care and Centria Healthcare. The property is supported by favorable submarket fundamentals; Shore Terrace offers both income stability and long-term upside potential.
The property’s location in the Eagle Creek submarket places it within close proximity to multiple major medical institutions, including IU Health Methodist Medical Plaza, Rehabilitation Hospital of Indiana, and American Health Network locations. This institutional clustering generates strong referral activity, supports long-term tenancy, and enhances the building’s strategic positioning within the regional healthcare ecosystem. Easy access to I-465 further increases visibility and connectivity.
Stabilized Medical Office with Long-Term Income Security
Healthcare-Anchored, Credit-Backed Tenancy
Embedded Rent Growth with Mark-to-Market Potential
Strategic Positioning in a Medical-Dense Corridor
Favorable Demographics Fueling Outpatient Demand