NIMA Sale Leaseback Portfolio of 2

Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 2-property portfolio of Northeast Internal Medicine Associates (NIMA) assets. One of the assets is located in Kendallville, Indiana and the other in LaGrange, Indiana. Both assets are subject to an Absolute NNN lease, providing potential investors with a truly passive asset that requires zero landlord responsibilities. The Kendallville and LaGrange properties will both have a brand new 12-year lease commencing at closing. The lease also features 2.50% annual rental escalations and 2, 5yr renewal options. Northeast Internal Medicine Associates specializes in care for adults and the elderly, with an emphasis on preventative medicine. NIMA provides comprehensive state-of-the-art treatment, a full range of diagnostic testing, and an unparalleled commitment to service. NIMA is a dominant provider of this service in rural northeast Indiana. The Kendallville property is advantageously located around the corner from Parkview Noble Hospital which is the larger of only two hospitals in Noble County, Indiana. Other healthcare providers have established themselves near the 31-bed hospital creating a strong medical synergy. Both properties benefit greatly from being located directly off of major rural access roads. The Kendallville property, located off West North Street, sees 15,142 VPD and the LaGrange property, located off N Detroit St, sees 7,930 VPD. Both locations are strategically located to provide superior visibility and easy access.