Net leased medical office building, with Lutheran Medical Group LLC as tenant. Building was originally built by doctors at this location. 2% annual bumps. Landlord responsible for structure, roof replacement and HVAC replacement. Tenant reimburses Landlord for taxes, insurance, repairs and common area maintenance, as additional monthly rent reconciled each year. Cross parking agreement and large lot for expansion.

Lutheran Medical Group LLC is a subsidiary of Community Health Systems. Community Health Systems Inc. is a Fortune 500 company based in Franklin, Tennessee. It is the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of April 30, 2016, it owns, leases or operates 160 hospitals in 23 states. NYSE:CYH.

Location Description:

The property is located in small office park in NE Fort Wayne.

Highlights:

>> Net leased MOB in desirable NE Fort Wayne location.

>> Strong tenant with national parent company.

>> New five year extension, four years remaining with two five year options to renew.

>> Originally built for current practice.

>> Tenant renovated the building in November, 2017.

>> Priced at a 8.27% Cap Rate with 2% annual bumps

>> New Roof in 2012

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Sales Info:

>> Commision split: 2.0%