Investment Overview
Latitude Commercial is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by Help at Home, LLC, a leading provider of home healthcare services. The property is strategically located along S. Michigan Street in South Bend, Indiana, offering strong visibility and accessibility within a well-established commercial corridor.
The tenant is operating under a long-term lease with an initial 8-year term (96 months) and three (3) additional 3-year renewal options, providing potential long-term income stability. The lease features 2% annual rental escalations, delivering built-in NOI growth over time.
This is structured as a Triple Net (NNN) lease, with the tenant responsible for:
-Real estate taxes
-Insurance
-Common area maintenance (CAM)
-Utilities
-Interior maintenance and repairs
Landlord responsibilities are limited primarily to structural components, including the roof, foundation, and load-bearing structural elements, creating a favorable passive investment profile.
Investment Highlights
- Offered at: $1,100,000
- Long-term net lease structure
- 2% annual rent increases
- Corporate healthcare tenant
- Limited landlord responsibilities
- Three (3) additional 3-year renewal options