Single Tenant Innovative Renal Care (Dialysis Center)
230+ LOCATION DIALYSIS OPERATOR | 2% ANNUAL RENT INCREASES | UNDER 2 MILES FROM METHODIST HOSPITAL
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Innovative Renal Care, (the "Property") in Gary, IN a city within the Chicago MSA, just twenty-five miles southeast of downtown Chicago. The building was especially built for Innovative Renal Care (formerly American Renal Associates (ARA)) who signed a 15-year lease with 2% annual increases in 2018. The 2% annual increases, which provide a hedge against inflation, continue through the two, five-year options. The lease is 50.1% corporately guaranteed by American Renal Associates LLC and 49.90% guaranteed by a network of five doctors within the practice. The roof is just 8 years old on the Fee Simple NN lease. The Tenant reimburses the Landlord for Taxes, Insurance and Operating Expenses. The property is positioned along W 25th Avenue with strong visibility to local traffic flows and benefits from immediate access to Exit 9 of the Frank Borman Expressway (I-80/I-94), one of the primary east-west and regional commuter corridors in Northwest Indiana, supporting approximately 181,900 vehicles per day.
Positioned within a densely populated healthcare corridor, serving more than 122,000 residents and 49,000 households within a five-mile radius, the property profits from close-in access to two significant regional demand drivers, including Methodist Hospitals Northlake Campus, a full-service acute care facility with approximately 441 staffed beds located less than two miles away, as well as Indiana University Northwest, a regional higher education institution with roughly 3,200 students and over 300 faculty and staff. The substantial surrounding population and close proximity to major, nearby hospitals supports long-term demand for kidney care services, enhances the tenant's ability to maintain patient volumes, and provides investors with increased confidence in the facility's operational stability and long-term viability. Currently, the property serves a mature and demographically favorable patient base, with residents aged 55 and older comprising 35.7% of the population within one mile, 31.5% within three miles, and 30.0% within five miles, well above the national average of approximately 25%.
Investment highlights
- DENSELY POPULATED TRADE AREA - The property is strategically positioned within a densely populated healthcare corridor, serving more than 122,000 residents and 49,000 households within a five-mile radius. Strong population density is particularly important for renal care facilities, as dialysis treatment requires patients to visit multiple times per week, creating a highly localized and recurring patient base. The substantial surrounding population supports long-term demand for kidney care services, enhances the tenant's ability to maintain patient volumes, and provides investors with increased confidence in the facility's operational stability and long-term viability.
- ABOVE-AVERAGE SENIOR POPULATION - The property serves a mature and demographically favorable patient base, with residents aged 55 and older comprising 35.7% of the population within one mile, 31.5% within three miles, and 30.0% within five miles, well above the national average of approximately 25%. Older populations are more susceptible to chronic kidney disease and related health conditions requiring ongoing dialysis treatment, creating a strong foundation for patient demand.
- PRIME INTERSTATE ACCESS WITH HIGH-VOLUME EXPOSURE - The property is positioned along W 25th Avenue with strong visibility to local traffic flows and benefits from immediate access to Exit 9 of the Frank Borman Expressway (I-80/I-94), one of the primary east-west and regional commuter corridors in Northwest Indiana, supporting approximately 181,900 vehicles per day. This direct connectivity to two of the Midwest's most heavily traveled interstates enhances regional accessibility, enabling the tenant to efficiently serve a broader area beyond the immediate neighborhood.
- STRATEGIC PROXIMITY TO MAJOR HEALTHCARE AND EDUCATION ANCHORS - The property benefits from close-in access to two significant regional demand drivers, including Methodist Hospitals Northlake Campus, a full-service acute care facility with approximately 441 staffed beds located less than two miles away, as well as Indiana University Northwest, a regional higher education institution with roughly 3,200 students and over 300 faculty and staff. The presence of a major hospital campus enhances the surrounding healthcare ecosystem and supports referral networks, while the university contributes to local population stability and economic activity.
- PART OF THE 9.4 MILLION-PERSON CHICAGO MSA - Located just 25 miles southeast of downtown Chicago, the property benefits from its position within the Chicago MSA, a nationally significant economic hub with more than 9.4 million residents. Access to a large regional population, diverse employment drivers, and extensive transportation networks supports long-term healthcare utilization and population stability.
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