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53732 Generations Drive, South Bend, IN 46635 For Sale

WS
OH OH #SAL.2021008491
Marcus & Millichap - Cleveland
CM
OH SAL.2014000892, OH #SAL.2014000892 (+1)
Marcus & Millichap - Cleveland
KG
OH 2025003139
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
$1,200,000
0 days on market
Updated 0 days ago

South Bend Endodontics

Details
APN 71-04-29-453-003.000-003
Property Type Office
Sub Type Medical Office
Square Footage 3,469
Cap Rate 7.11%
NOI $85,266
Tenancy Single
Lease Type NN
Lease Expiration 07/16/2033
Rent Bumps Yes
Price per SqFt $346
Year Built 1999
Buildings 1
Acreage 0.700
Investment Type Net Lease
Lease Commencement 07/17/2023

Office | 7.11% CAP | 3,469 SqFt

Marketing description

Marcus & Millichap is pleased to present South Bend Endodontics, a single-tenant, net-leased dental office located at 53732 Generations Drive in South Bend, Indiana. The property consists of approximately 3,469 square feet of rentable building area situated on a 0.7-acre parcel. South Bend Endodontics occupies the property under a net lease structure, providing investors with minimal landlord obligations and a passive ownership experience. The lease includes three percent annual rent increases, creating built-in income growth and helping investors hedge against inflation while enhancing long-term cash flow. Moreover, the property's single-tenant configuration allows investors to benefit from a streamlined management structure while maintaining exposure to the healthcare sector, one of the most resilient segments of commercial real estate.

Strategically located within the growing South Bend market, the property benefits from proximity to major residential neighborhoods, healthcare providers, and regional transportation corridors. The surrounding area continues to support demand for healthcare services through a combination of population stability, economic growth, and ongoing investment throughout the broader South Bend region. The dental industry remains one of the strongest healthcare sectors in the United States, supported by annual dental industry expenditures exceeding $189 billion nationwide. Increasing emphasis on preventative care, population growth, and recurring patient demand continue to drive long-term stability within the sector. The combination of a passive lease structure, annual rent growth, modern facility improvements, and strong healthcare fundamentals positions South Bend Endodontics as a compelling net-leased investment opportunity.

Investment highlights

  • Single-Tenant Dental Office Located in South Bend, Indiana
  • Approximately 3,469 SF Building Situated on 0.7 Acres
  • Net Lease Structure Providing Minimal Landlord Responsibilities
  • Three Percent Annual Rent Increases Creating Built-In Income Growth
  • Stable Healthcare-Oriented Real Estate Investment
  • Modern Facility Supporting Specialty Dental Operations
  • Passive Ownership Opportunity with Streamlined Management Requirements
  • Dental Industry Expenditures Exceed $189 Billion Annually
  • Long-Term Demand Supported by Essential Healthcare Services and Preventative Care Trends

Listing Contacts

WS
OH OH #SAL.2021008491
Marcus & Millichap - Cleveland
CM
OH SAL.2014000892, OH #SAL.2014000892 (+1)
Marcus & Millichap - Cleveland
KG
OH 2025003139
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,266.48
$7,105.54/mo

Valuation Metrics

0
DSCR
7.11%
Cap Rate
7.11%
ROI

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Additional Information

Name
Julia Evinger
License
RB14040143
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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