Franciscan Health Medical Building | Triple Net Lease… — Sale in Schererville, IN
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Schererville, IN 46307
Photos
Investment Figures
- Cap rate
- 13.38%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
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 percent 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. Investment Highlights: • High-Yield Medical Office | Passive Investment: Offered at an Attractive 13.38 Percent 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-Stan
Market Context
This office in Schererville, IN is listed for sale. It is offered at an approximate 13.4% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Schererville, IN — view the full market.
Contact
- David Klink · (317) 218-5324 · david.klink@marcusmillichap.com
- Jordan Klink · (317) 218-5316 · jordan.klink@marcusmillichap.com
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