Listed by Sands Investment Group, Sands Investment Group Los Angeles
$1,836,486
Franciscan OBGYN - Crown Point, IN
Details
Property Type Office
Sub Type Medical Office
Square Footage 8,128
Cap Rate 9.25%
NOI $169,875
Occupancy 100%
Tenancy Single
Brand/Tenant Franciscan Health
Lease Type NNN
Lease Term 3
Lease Expiration 03/08/2028
Remaining Term 1.7
Rent Bumps Yes
Lease Options 2 x 3 Year Options
Year Built 2006
Acreage 1.880
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/09/2025
9.25% CAP | Price Reduced | Motivated Seller
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the Franciscan OBGYN, located at 800 West Burrell Drive in Crown Point, IN. The property is secured by a Modified Gross Lease, under which the tenant is responsible for reimbursing all property taxes, insurance, and maintenance expenses. This structure provides investors with a truly passive, lowmanagement opportunity, delivering stable cash flow and a long-term investment.
Investment highlights
- Strong Tenant Affiliation: In March 2025, Crown Point OBGYN merged with Franciscan, reinforcing the strength and stability of the practice and its physicians. This affiliation ensures continuity of care and long-term tenant reliability.
- Established Healthcare System: Franciscan Alliance operates one of the largest and most respected healthcare systems in the Midwest, encompassing 12 hospital campuses, over 850 primary and specialty care providers, and more than 260 locations across Indiana and Illinois. The subject property is strategically located less than two miles from Franciscan Health Crown Point Hospital, a $200 million facility investment, providing strong regional healthcare support and tenant stability.
- Population Growth: Crown Point’s population has grown from 33,998 in 2020 to 35,474 in 2025 — a 4.3% increase over five years — and is projected to reach approximately 42,000 residents by 2040, demonstrating a steady upward trend.
- Lease Structure: The lease is a Modified Gross Lease with 3% annual rent escalations. Tenant reimburses property taxes, insurance, and maintenance costs, offering minimal landlord responsibilities and passive income.
- Affluent Demographics: Crown Point’s median household income stands at $114,038 — 1.4x higher than Indiana’s statewide median, according to Census Reporter. This highlights a strong consumer base and positions Crown Point among the more affluent communities in the state.
- Long-Established Medical Practice: The practice has a 30+ year history and operates from a custom-built facility. It offers a wide range of in-office procedures, including cone biopsy, colposcopy, D&C, endometrial ablation, endometrial biopsy, Essure permanent birth control, hysteroscopy, and laparoscopy.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,875.00
$14,156.25/mo
Valuation Metrics
0
DSCR
9.25%
Cap Rate
9.25%
ROI
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Zoning
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