American Renal Associates

7 Sibley Street, Hammond, IN 46320

$3,222,000

Cap Rate 9.00%

Views: 28 DOM: 60 Updated: 05.07.24 Posted: 03.17.24 Status: Active

Summary

Price $3,222,000	Built/Renov 2003/2015	Tenant American Renal Associates
Cap Rate 9.00%	Lease Type NN+	Guarantor Corporate
Size/SF 14,445	Lease Start 05-01-2023	#Units 230
Price/SF $223.05	Expiration 04-30-2028	Tenant Type Medical/Health
NOI $290,000	R. Term 3.11	Ownership Fee Simple
Rent/SF $20.08	Increases 0.0%/0/yrs	Pop 5Mi 238,886
Lot/AC 2.25	Options 2/5yrs	AHHI 5Mi $71,499

Lease Highlights

American Renal Associates has 4 years remaining in the current lease term with 2 (5-year) options to extend
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee lease

Location Description

American Renal Associates is strategically located at the signalized, hard corner intersections of Sibley Street, State Line Road, and State Street, providing access to a combined daily traffic count of 26,400 vehicles. The property is surrounded by well-known national tenants, including ALDI, Family Dollar, Walgreens, AutoZone, O’Reilly Auto Parts, McDonald’s, and more. The 5-mile trade area...

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Key Features

Signalized intersection
Re-purpose building
Hard corner intersection
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed

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Links

American Renal Associates Wikipedia Hammond, Indiana Zip Code 46320 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: American Renal Associates
Guarantor:Corporate
Company:Innovative Renal Care
# Units:230
Stock:Private

About Tenant

American Renal Associates operates as a national dialysis services provider in the United States focused on Joint Ventures with physicians. ARA provides high-quality patient care to patients...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	16,400	99,008	235,330
2023 Total Population :	15,846	100,183	239,544
2023 Employed Civilian Pop :	6,048	43,469	105,824
2023 Total Businesses :	463	2,572	6,117
2023 Average Household Income :	$ 54,914	$ 64,588	$ 71,543
2023 Total Consumer Spending :	$ 290 M	$ 2206 M	$ 5738 M
2023 Median Age :	32	36	38
2023 Total Households :	6,002	39,014	91,898
2023 Pop Age 25+: Bachelor's Degree :	957	7,357	21,705
2023 Average Home Value :	$ 174,641	$ 181,022	$ 190,696

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Willow Court	Morton Ct	2021	962	0.11 mi
State Street	Douglas Ave	2018	7,450	0.13 mi
State Line Avenue	155th Pl	2022	4,800	0.16 mi
Sibley Blvd	Forsythe Ave	2014	18,500	0.16 mi
Sibley St	Hohman Ave	2010	10,400	0.18 mi
Hohman Ave	Sibley St	2010	16,570	0.19 mi
Hohman Ave	Sibley St	2010	14,630	0.20 mi
		2022	750	0.20 mi
Rimbach St	Ann Ave	2010	2,690	0.20 mi
Sibley St	Hohman Ave	2010	4,340	0.21 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7355 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6780 Views
40 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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