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32323150

201 East South Street, Markle, IN 46770

JD
IN RB14051407
Marcus & Millichap - Indianapolis
FB
IN AB21405968
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$1,130,000
39 days on market
Updated 3 days ago

Meridian Health Services

Details
Property Type Office
Sub Type Medical Office
Square Footage 6,014
Units 28
Cap Rate 8.52%
NOI $96,241
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Price per SqFt $188
Year Built 1975
Year Renovated 2009
Buildings 1
Acreage 1.360
Zoning Medical
Parking Spaces per 1,000 sq ft
Investment Type Net Lease

Long-Term NNN Lease | Single-Tenant MED. OFF.

Marketing description

The DiSalvo Group of Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant net lease medical property located in Markle, Indiana, within the Fort Wayne Metropolitan Statistical Area. The subject property is leased to an established healthcare provider serving the Northeast Indiana region, offering essential outpatient and community-based medical services.

This well-located facility supports ongoing patient demand within Markle and the surrounding rural and suburban communities, providing critical access to care in a market with limited healthcare supply. The tenant has demonstrated commitment to the location through continued operations and investment in the facility, positioning the asset as a stable, long-term investment within the healthcare real estate sector.

Market: Markle, Indiana is located within the Fort Wayne MSA, a regional economic hub known for its strong healthcare, manufacturing, and logistics sectors. The market benefits from proximity to major healthcare systems including Parkview Health and Lutheran Health Network, which anchor regional medical services and employment. The surrounding area is characterized by a mix of residential communities, small businesses, and agricultural uses, creating consistent demand for accessible healthcare services. As healthcare providers continue to expand into secondary markets, locations like Markle play a key role in delivering outpatient and specialty care closer to patient populations.

Location: The property is strategically located at 201 E South St in Markle, Indiana, with convenient access to Interstate 69, providing connectivity to Fort Wayne and surrounding communities. Markle is situated approximately 20–25 minutes southwest of Fort Wayne, allowing the tenant to serve both local residents and patients traveling from nearby markets.

The location offers strong accessibility via local roadways and regional corridors, supporting patient convenience and operational efficiency. Its positioning within a smaller community enhances visibility and accessibility while benefiting from proximity to a larger metropolitan healthcare network.

SINGLE-TENANT NET LEASE MEDICAL ASSET

- Long-term NNN lease structure with healthcare tenant

- Tenant provides essential outpatient and community-based medical services

- Strategic location with access to Fort Wayne healthcare network

- Stable demand driven by regional population and limited local supply of medical

services

INVESTMENT HIGHLIGHTS

- Single-Tenant Net Lease Medical Asset providing passive ownership

- Long-term lease structure with minimal landlord responsibilities (NNN)

- Tenant operates within a recession-resistant healthcare sector

- Property serves as a critical access point for local and regional patient populations

MARKET & LOCATION HIGHLIGHTS

- Located within the Fort Wayne MSA, a strong regional healthcare hub

- Proximity to I-69 and Fort Wayne (˜20–25 minutes)

- Stable, predictable income with limited volatility compared to traditional office assets

- Positioned within a supply-constrained secondary market for medical services

Investment highlights

Why Meridian Health Services?

- Long-term NNN lease structure with healthcare tenant

- Tenant provides essential outpatient and community based medical services

- Strategic location with access to Fort Wayne healthcare network

- Stable demand driven by regional population and limited local supply of medical services

Listing Contacts

JD
IN RB14051407
Marcus & Millichap - Indianapolis
FB
IN AB21405968
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,241.00
$8,020.08/mo

Valuation Metrics

0
DSCR
8.52%
Cap Rate
8.52%
ROI

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