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Hopebridge
505 South 3rd Street, Elkhart, IN 46516, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,228 SF Hopebridge NNN Asset Located at 505 South 3rd Street in Elkhart, IN. This Deal Includes a 5+ Year Corporate-Guaranteed Lease by Hopebridge Autism Therapy Centers, One of the Largest ABA Therapy Operators in the Nation, With Minimal Landlord Responsibilities. It Is Also Accompanied By a Large Over Half Acre Parking Lot, Providing a Secure Passive Investment.
- Corporate Guaranty From Hopebridge Autism Therapy (100+ Locations): Hopebridge Focuses on Personalized Care, Not Just Diagnoses; They Reduce Autism Evaluation Wait Times and Provide Early Intensive Behavioral Intervention (EIBI) Using Applied Behavior Analysis (ABA) For Children Ages 15 Months to 10 Years; Their Goal is to Help Kids With Behavioral, Social, Communication, and Sensory Challenges Reach Their Full Potential
- Private Equity Backed: Hopebridge Benefits From Strong Private Equity Backing After Its 2019 Acquisition By Arsenal Capital Partners, a Leading Private Equity Firm Specializing in Middle-Market Specialty Industrials and Healthcare, With Approximately $10.6 Billion in Assets Under Management
- Surging Demand For ABA Therapy Services: In 2022, the Global Market For Autism Spectrum Disorder Therapies Was Valued at $1.93 Billion; This Market is Expected to Expand From $2.01 Billion in 2023 to $3.42 Billion By 2030
- Sticky Tenancy: ABA Therapy Providers Tend to Maintain Long-Term Tenancies Because Relocating is Challenging Due to Patient Retention Difficulties, High Construction Costs, and the Need For Strategic Site Selection
- Strong Manufacturing Base: Elkhart, the “RV Capital of the World,” is Home to Major Manufacturers Like Thor, Forest River, and Keystone, With Over 78,000 Manufacturing Jobs Supporting a Stable Local Economy
- Parking Lot: The Deal Includes Two Adjacent Lots Totaling 0.60 Acres With Over 50 Parking Spaces; Hopebridge Centers Provide a Supportive Care Environment With a 1:1 Staff-to-Student Therapy Model, Staffed By BCBAs, Registered Behavior Technicians (RBTs), and Additional Support Personnel; Ample Parking Makes This an Ideal Location For Hopebridge
- Dense Residential: The Area is Served By Elkhart Community Schools, Which Includes 13 Elementary Schools, 3 Middle Schools, and 1 High School, Ensuring Accessible Education Over 21,693 Housing Units, According to Neighborhood Scout
- Secure Investment: Low RPSF of $10.48 and a Lease Containing 5.5 Years Remaining
- Roof Warranty: 11-Year Remaining Carlisle Roofing System Warranty (Up to 15.5 Years From Completion) Covers Full Leak Repair—Installed By Certified Applicator
In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918
Hopebridge
505 South 3rd Street, Elkhart, IN 46516, USA
HOPEBRIDGE
Hopebridge Autism Therapy Centers offers a wide range of outpatient services designed to meet the needs of children requiring behavioral diagnosis and applied behavioral analysis (ABA), occupational, feeding, and speech treatments in center, home, and school settings. Pediatricians and parents across the US trust Hopebridge for its expertise in treating neurological, genetic, sensory processing, and feeding disorders; language delays; and behavioral concerns. Children with special needs require extraordinary, individualized care, and Hopebridge’s staff helps families understand their children’s difficulties while working to help them realize their potential. Headquartered in Indianapolis, Hopebridge operates over 100 centers in the following twelve states: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Oklahoma, Ohio, and Tennessee.
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Cap Rate: 8.25%
$12,023,030
Available
Price
$1,730,522
Cap Rate
7.27%
PREMISES
12,228 SF
RENEWAL OPTIONS
Two (2) Options to Extend For Five (5) Years Each at Fair Market Rent
Lease Expiration
01/01/2031
Lease Type
NNN
RENTAL INCREASES
±0.32% Annually
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
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