4500 181St AveLowell, IN 46356
12,160 SF Medical Office, 100% Occupied
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Long-term net lease with Franciscan Physician; 9.5 years remaining, three 10-year options, 2% annual rent increases.
- Investment-grade tenant: Franciscan Health (AA Fitch rating), a major Midwest healthcare system.
- Recession-resistant healthcare investment; projected 10.4% annual growth (CAGR 2023-2027).
- Excellent location with high visibility on IN-2 and proximity to I-65.
- Minimal landlord responsibilities; tenant pays CAM, taxes, insurance, and parking lot maintenance; landlord responsible only for roof and structure (tenant-reimbursed).
- Strong demographics; 188,856 residents in the trade area with $112,000 average household income (1.23x local average).
Property Details for 4500 181St Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 12,160 SF
- Year Built
- 2014
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 94,525 SF
- Units
- 1
Location Insight
- City
- Lowell
- County
- Lake
- State
- Indiana
- Latitude
- 41.289718736896
- Longitude
- -87.385136709432
Nearby Similar for Sale
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