Medical For Sale • 6,996 SF
| High-Yield Absolute NNN Sale-Leaseback: Zero landlord responsibilities. |
| Attractive Cap Rate: Offered at a 9.50% cap rate with $182,500 NOI and 3% annual rent increases. |
| Essential, Specialty Medical Tenancy: ENT services are a core component of outpatient healthcare. |
| Built to Suit: The ±7,300 SF building was constructed in 2000. Brand new roof, completed November 2024. |
| Strong Demographics: 113,321 residents within 5 miles and $125K+ 1-mile income. |
| Established Practice Serving the Metro East Region: Practice was founded in the 1960s. |
| Cap Rate: | 9.50 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Ear, Nose and Throat Institute of Southern IL |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Swansea (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) | 3 min | - | 1.3 mi |
| Belleville (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) | 6 min | - | 2.8 mi |
| Airport | Drive | Walk | Distance |
| Scott AFB/Midamerica St Louis | 25 min | - | 12.6 mi |
| St Louis Lambert International | 42 min | - | 29.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 58 |
| Type: | Surface |
| Included in Rent: | Yes |