Evansville St. Vincent Surgery Center 1125 Professional Blvd

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present for sale the Evansville St. Vincent’s Surgery Center, a 16,872 square foot, single-tenant, triple-net (NNN) leased medical office building located in Evansville, Indiana. This property was built for and has been fully occupied by St. Vincent Hospitals – a part of Ascension Health – one of the premier healthcare providers in the region. With a long-standing lease history, this offering provides a stable cash flow opportunity for investors, supported by a strong tenant with a solid credit profile. The building is well-positioned within a strategic market, surrounded by major medical and economic hubs in the broader Evansville MSA, offering tremendous investment potential.
Market: This medical office building is located in Evansville, Indiana, which is located in the Southwest corner of Indiana along the Ohio River and serves as the commercial, medical, and educational hub for the Indiana/Kentucky/Illinois tristate region. The city's strategic location and diverse economic base make it a vibrant and stable market for commercial real estate, particularly in the healthcare and medical office sectors. Evansville is a critical healthcare hub for Southwestern Indiana and the surrounding areas. It is home to several major healthcare systems, including St. Vincent Hospitals, Deaconess Health System, and Ascension Health, which provide comprehensive medical services to a growing population. The demand for medical office space in the city continues to rise as the healthcare sector expands to meet the needs of an aging population and growing patient base.
WHY EVANSVILLE ST. VINCENT'S SURGERY CENTER?
The Evansville St. Vincent’s Surgery Center is an excellent and stable healthcare facility leased to one of the largest hospital networks in the United States, Ascension Health. With Ascension and the healthcare industry going through some substantial transitions over the past few years, the Tenant has shown a strong commitment to this location with brand new extension that includes further investment into the location to help solidify their presence in this location well into the future. The stability proven by the Tenant’s history in this location and the brand-new extension being signed coupled with the passive, triple-net structure of the lease should prove to make the Evansville St. Vincent’s Surgery Center a phenomenal asset for the savvy Investor.
Stable Current Tenant Mix: St. Vincent Hospitals, a member of Ascension Health, is one of the largest non-profit healthcare systems in the U.S., offering a wide range of medical services including primary care, specialized treatments, and surgical procedures. With a mission focused on providing compassionate, personalized care for all, St. Vincent has established a strong presence in Indiana, making it a trusted name in healthcare across the state. The tenant’s longevity and commitment to this location underscore the strength of this investment opportunity.
Location: The subject property is located at 1125 Professional Boulevard, which is situated on the eastern side of Evansville directly south of the Ascension St. Vincent’s Evansville Hospital, the largest hospital in the Evansville market with over 500 beds. In addition to proximity to Ascension St. Vincent’s Evansville Hospital, the Subject Property is surrounded by other medical office facilities, a local elementary school campus, dense populations of residential, and a substantial amount of retail amenities such as restaurants, grocery, service retailers, and the Washington Square Mall.