581 E Main St | Hagerstown, IN 47346
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- LoopNet Team
581 E Main St
Hagerstown, IN 47346
Pinnacle Treatment Center · Office Property For Sale
Investment Highlights
- 6,400 Square Foot Freestanding Medical Office Building with High Quality Construction
- New Lease Signed | Commenced 4/1/2020 & Set to Expire 1/11/2037 | 16+ Years Remaining
- Rare 3% Annual Rent Increases in the Base Term & in the Ten-Year Renewal Option | Perfect Hedge Against Future Inflation
- 2020 Renovation for Pinnacle Treatment Center
- Absolute Net Lease with Zero Landlord Responsibilities
- Excellent Exposure & Immediate Accessibility along East Main Street
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
6,508 SF
Building Class
C
Year Built
2003
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,400 SF
Building FAR
0.14
Lot Size
1.08 AC
Zoning
C-2
Parking
60 Spaces (9.38 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 89-05-23-400-102.001-021 | Improvements Assessment | $743,137 |
| Land Assessment | $14,078 | Total Assessment | $757,215 |
PROPERTY TAXES
Parcel Number
89-05-23-400-102.001-021
Land Assessment
$14,078
Improvements Assessment
$743,137
Total Assessment
$757,215
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