Overview
As exclusive advisor to Ownership, Newmark is pleased to present for sale, the fee simple interest in the Northwest Medical Group Urgent Care - Valparaiso (the “Property” or the “Project”) a single-tenant, built-to-suit urgent care and primary care facility for Northwest Health.
The Subject Property is strategically located less than 5 minutes from Northwest Health’s Valparaiso medical campus which features a 24/7 Emergency Room, Outpatient Surgery, Lab, Imaging, and Cardiac Rehabilitation services among other synergistic uses.
Built in 2023 for Northwest Health, the building is comprised of 20,187 SF across a single story. The facility offers primary care by way of Northwest Medical Group and serves as a strategic urgent care facility for Northwest Health.
The Property is 100% leased on a single-tenant, NNN basis and features annual rental escalations.
Investment Highlights
HIGH-QUALITY, STRATEGICALLY LOCATED ASSET
- Built-to-suit facility for Northwest Health
- Located ½ mile from major Northwest Health Emergency Room and Outpatient Campus
- Northwest Health’s Porter Hospital Campus is located approximately 10-minute drive to the North of Subject
- Multiple complimentary and synergistic medical uses in immediate vicinity
- Close proximity to US-30 and IN-49 provide great accessibility from surrounding markets
ATTRACTIVE RENT ROLL PROFILE AND CASHFLOW
- Single-tenant, NNN lease structure provides secure income stream
- Remaining lease term of approximately 8 years offers predictable, long-term cashflow
- Annual rent escalations of 2% provide strong contractual rent growth
- No fixed renewal options allow for potential “mark to market” at end of primary term
- Minimal Landlord responsibilities create a more passive investment opportunity
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