6855 SHORE TER Indianapolis IN 46254-4662

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

• 42,632 SF medical office building that is 89.8% leased

• Weighted average lease term (WALT) of 8.2 years

• NNN lease structures

• 2.00–2.50% annual rent escalations

Healthcare-Anchored, Credit-Backed Tenancy

• Anchored by new long-term Centria Healthcare (ABA therapy) lease and Fresenius Medical Care (dialysis)

• Flora Legal Group adds further tenancy diversification and stability

• Tenants deliver consistent patient traffic and high utilization

Embedded Rent Growth with Mark-to-Market Potential

• In-place rents average $20.10/SF NNN (below metro average of $21.59/SF)

Strategic Positioning in a Medical-Dense Corridor

• Located near IU Health, Methodist Medical Plaza, and Rehabilitation Hospital of Indiana

• Embedded in an established healthcare ecosystem with strong cross-referral patterns

Favorable Demographics Fueling Outpatient Demand

• Five-mile radius includes 200,000+ residents and 87% insured rate

• 13.2% senior population and ~$62,230 median household income

• Supports chronic care, outpatient services, and specialty provider demand