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711 E 38th St
Indianapolis, IN 46205 Mapleton Fall Creek

$4,888,889 USD

Freestanding For Sale  •  12,544 SF

Property Details

• Property Type Freestanding
• Total Building Size 12,424 SF
• Lot Size 1.33 AC
• Building Class B
• Year Built 1993
• Cap Rate 6.75 %
• Tenancy Single

50 Transit Score

50 Walk Score

Highlights

Backed by CVS Health acquired for $10.6 billion in 2023, providing significant financial backing

Oak Street Health operates 230+ centers nationwide serving Medicare-eligible patients

Mission-critical healthcare location serving densely populated urban trade area

12.4 years remaining with 10% rent increases every five years and two renewal options

6.75% cap rate with NNN lease structure providing passive, management light investment

Growing Indianapolis MSA added 100,000+ residents since 2020

Cap Rate:

6.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Oak Street Health Fall Creek Primary Care Clinic

Public Transportation

Commuter Rail	Drive	Walk	Distance
Indianapolis (Cardinal - Amtrak)	11 min	-	5.0 mi
Airport	Drive	Walk	Distance
Indianapolis International	34 min	-	18.1 mi