Lighthouse Autism Center
Office | 7.02% CAP | 12,050 SqFt
Marketing description
Lighthouse Autism Center is a single-tenant medical office property located in one of Indianapolis' primary commercial and medical corridors. The property consists of a 12,050 square foot building situated on a 1.2-acre site with 64 parking spaces and has been renovated to support specialized therapy services for children diagnosed with autism spectrum disorder. The tenant completed a full interior renovation in 2022, converting the building into a modern treatment center designed for children receiving Applied Behavior Analysis and speech therapy. The significant tenant investment reflects a long-term commitment to the location and specialized use of the property. The property is leased on a modified NNN basis with 2.5% annual rent increases and two 5-year renewal options (same rent terms), providing steady income growth and strong long-term tenancy potential.
Investment highlights
INSTITUTIONALLY BACKED HEALTHCARE TENANT
Lighthouse Autism Center is corporately guaranteed by VAV Operations and supported by Cerberus Capital Management, a global investment firm with more than 55 billion dollars in assets, which partnered with the company in a roughly 400 million dollar transaction to support expansion.
POSITIONED WITHIN AN ESTABLISHED MEDICAL CORRIDOR
The property sits directly across from Community Hospital North, a 328-bed hospital, and near several medical providers, positioning the asset within a well-established healthcare corridor that supports consistent demand for outpatient services.
PRIME CASTLETON COMMERCIAL LOCATION
Located in the Castleton submarket with immediate access to Interstate 465 and Interstate 69, the property is near major
employers including Roche Diagnostics U.S. headquarters with more than 4,000 employees and serves a population of
more than 1.5 million people within a 20-mile radius.
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