4500 W 181ST AVE Lowell IN 46356-0017

LONG-TERM OPPORTUNITY:
Franciscan Physician has 9.5 years remaining on the original 20-year term. The corporate lease features three, 10-year renewal options and 2% annual rental increases throughout the base term.

INVESTMENT GRADE TENANCY:
Franciscan Health has a Fitch rating of AA. Franciscan Health is one of the largest Catholic healthcare systems in the Midwest, with 12 hospital campuses, more than 19,000 employees, and several nationally recognized Centers of Health Care Excellence.

RECESSION RESISTANT:
The healthcare sector is largely resistant to economic downswings. The demand for medical services remains essential, regardless of market conditions. According to Forbes, the healthcare market is predicted to exhibit an annual growth rate of 10.4% (CAGR 2023-2027), reaching a projected volume of $85.95 billion by 2027. This potential for stellar growth makes medical office buildings even more lucrative for investors.

ACCESS & VISIBILITY
The site has unmatched visibility from E Commercial Ave (IN-2), an east-west route running from the Illinois border to the outskirts of South Bend, Indiana, which boasts strong traffic counts of nearly 11,800 VPD. The Property’s location is ideally situated a few minutes from Interstate 65, the main north and south highway serving the state of Indiana with traffic counts of over 100,000 vehicles per day.

MINIMAL LANDLORD RESPONSIBILITIES:
Franciscan is responsible for CAM, Taxes, and Insurance on the asset, and all parking lot related items. The Landlord is only responsible for the roof, and structure, which the tenant reimburses for. Ideal low management for a

DENSE, AFFLUENT CUSTOMER BASE:
The trade area serving the property has a population of 188,856 residents earning an average household income of $112,000, approximately 1.23x the city, county, and state averages. passive investor.

ROBUST CHICAGO MSA:
Chicago is the 3rd largest MSA in the United States and one of the most attractive and dynamic markets in the nation with a population over 9.7 million. Chicago boasts an attractive retail market, with the third largest economy in the nation, and over $127.9 billion in annual retail sales (2018 metro Chicago sales; Melaniphy).