3804 N Delaware St

• Best-in-class Tenant – Mortenson Dental Partners is one of the largest DSOs in the country with 150+ locations across 10 states.
• Streamlined Expansion – Mortenson Dental Partners expands by acquiring existing practices that are already successful and established within the community. This business model allowed them to quickly become one of the largest DSOs in the country.
• Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.
• Dense Demographics – The area is densely populated, with over 123,000 residents within a 5-mile radius ensuring a robust consumer base to support this location.
• Recent Lease Extension – The tenant recently exercised its five-year renewal option, highlighting its continued commitment to the office.
• Strategic Location – The property is strategically positioned at N. Delaware Street and E. 38th Street, along one of Indianapolis’ primary east-west corridors and just east of Meridian Street, providing strong visibility and convenient access.
• Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
• Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlord responsibilities.
• Bite-Sized Deal – This is an attractive opportunity for an investor seeking a lower price-point acquisition that offers a strong return.
• Low Price/SF – With a price per square foot of $200, the property is priced below replacement cost, providing meaningful downside protection and supporting long-term investment stability.