2608 6Th St Vincennes, IN 47591

This exceptional investment opportunity presents a brand-new, 7,120-square-foot medical office building in Vincennes, Indiana. Located at 2608 N 6th St, this single-tenant property boasts a 20-year absolute triple-net (NNN) lease with a prominent plasma donation center operator. The lease commenced upon closing and features a strong 7.50% cap rate based on a current annual net operating income (NOI) of $316,626. The asking price is $4,221,678, translating to a price per square foot of $592.93. Built in 2023, the property sits on a 0.99-acre lot and enjoys 100% occupancy. The lease includes four, five-year renewal options, extending the potential lease term to 40 years. Crucially, annual rent increases of 2% are scheduled to commence in year six and continue throughout the base term and renewal options, providing consistent income growth. The lease is further secured by a corporate guarantee from a company with a significant national presence and expansion plans. This presents a compelling opportunity for long-term, passive income generation in a stable medical sector. The property's location in Knox County, Indiana, offers convenient access to the local community. This is a rare chance to acquire a high-quality, net-leased asset with substantial long-term growth potential.