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34294963
34294962

7310 West Lincoln Highway, Crown Point, IN 46307

DK
IN RB 14049256
Marcus & Millichap - Indianapolis
JK
IN RB14043752
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$2,250,000
6 days on market
Updated 1 day ago

Franciscan Health Medical Building

Details
Property Type Retail, Special Purpose
Sub Type QSR/Fast Food, Shopping Center (+1)
Square Footage 13,380
Cap Rate 13.38%
NOI $301,050
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2027
Remaining Term 1.5
Rent Bumps Yes
Lease Options None
Price per SqFt $168
Year Built 2006
Acreage 1.250
Investment Type Net Lease
Lease Commencement 06/24/2005
Ground Lease No

STNL Medical Bldg. | NNN Lease | Investment-Grade Tenant

Marketing description

The Klink Group of Marcus & Millichap is pleased to exclusively offer for sale the single-tenant net-leased specialty medical office investment leased to Franciscan Alliance, Inc., one of the Midwest's premier investment-grade healthcare systems. The offering presents a compelling opportunity to acquire a well-located outpatient medical asset while generating a 13.38% CAP rate during the remaining lease term. Backed by an "AA" Fitch-rated healthcare system, the property combines institutional-quality tenancy with a rare double-digit going-in yield. The offering provides investors with strong current income while preserving multiple exit strategies, including lease extension with Franciscan Alliance or future repositioning to another medical or specialty user. Offered at approximately $168 per square foot, the acquisition basis is significantly below today's estimated replacement cost for a comparable outpatient medical facility, creating meaningful intrinsic value and helping mitigate downside risk.

The tenant currently operates the Franciscan Physician Network Schererville Health Center from this location, providing crucial community-based medical services including Family Medicine, Internal Medicine, and Obstetrics & Gynecology. Franciscan has successfully occupied this 13,380-square-foot facility since its construction in 2006, demonstrating the property's long-standing strategic importance within Franciscan's regional outpatient network.

Investors benefit from approximately 1.5 years of contractual cash flow under a favorable Triple-Net lease structure before having the opportunity to negotiate a lease extension with Franciscan Alliance or reposition the asset for another outpatient medical or specialty healthcare user. This creates a differentiated investment opportunity combining immediate cash flow with meaningful long-term value creation through multiple exit strategies.

Investment highlights

High-Yield Medical Office | Passive Investment: Offered at an attractive 13.38% CAP Rate, providing strong current cash flow rarely found with investment-grade credit tenants

Investment-Grade Corporate Guaranty: Backed by an "AA" Fitch-rated healthcare system operating 12 hospital campuses and over 300 care sites throughout Indiana, Illinois and Michigan.

20-Year Proven Tenant History: Franciscan has continuously occupied the building since its construction in 2006, demonstrating the property's long-standing importance within its regional outpatient network despite continued investment in newer facilities throughout Northwest Indiana.

Favorable Triple-Net (NNN) Structure: Minimal landlord oversight required; the tenant reimburses for real estate taxes, insurance, and CAM, allowing for an optimized passive investment structure.

Listing Contacts

DK
IN RB 14049256
Marcus & Millichap - Indianapolis
JK
IN RB14043752
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$301,050.00
$25,087.50/mo

Valuation Metrics

0
DSCR
13.38%
Cap Rate
13.38%
ROI

Map

Zoning

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C-3 CommercialSpecial CommercialHighway Commercial
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Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
David Klink
License
RB 14049256
Brokerage Phone
317.218.5324
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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