Listed by Marcus & Millichap - Indianapolis
$10,270,000
Pinnacle Treatment Center (135 Locations)
Details
Property Type Office
Sub Type Medical Office
Square Footage 24,767
Net Rentable (SqFt) 24,767
Beds 64
Cap Rate 6.5%
NOI $667,912
Occupancy 100%
Tenancy Single
Brand/Tenant Pinnacle Treatment Center
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/10/2037
Remaining Term 10.6
Rent Bumps Yes
Lease Options One, Ten-Year
Pro-Forma Cap Rate 7.87%
Pro-Forma NOI $808,300
Price per SqFt $415
Broker Co-Op Yes
Year Built 2016
Year Renovated 2020
Buildings 1
Stories 1
Acreage 11.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/11/2017
Occupancy Date 01/11/2017
Ground Lease No
Ownership Fee Simple
Corporate Guarantee (135 Locations) | 2020 Expansion | 11+ Years Left | Annual Bumps
Marketing description
Pinnacle Treatment Centers is a leading provider of comprehensive addiction and substance use disorder treatment services in the United States. Founded in 2006, the organization has grown from a small outpatient provider in Pennsylvania into a large, community-based treatment network serving more than 35,000 patients daily across over 135 locations in nine states, including California, Georgia, Indiana, Kentucky, New Jersey, North Carolina, Ohio, Pennsylvania, and Virginia
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$667,912.00
$55,659.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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