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406 Hartman Ln
O'Fallon, IL 62269

$975,000 USD

Medical For Sale  •  3,246 SF

Property Details

  • Property Type Medical
  • Total Building Size 3,246 SF
  • Lot Size 0.91 AC
  • Building Class B
  • Year Built 2003
  • Cap Rate 11.35 %
  • Tenancy Single
  • Zoning C1
30 Transit Score
50 Walk Score

Highlights

A+ (S&P) rated tenant — HSHS operates 14 hospitals across Illinois and Wisconsin
11.35% going-in cap rate with $110,629 annual NOI
2% annual rental increases delivering consistent contractual NOI growth
Fully redeveloped in 2021, limiting near-term capital requirements
Established retail corridor with Walmart, Home Depot, CVS, and Starbucks nearby
Affluent trade area with average household incomes exceeding $107,932
Cap Rate: 11.35 %

Public Transportation

Commuter RailDriveWalkDistance
Memorial Hospital (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) 10 min - 5.4 mi
Belleville (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) 12 min - 5.6 mi
AirportDriveWalkDistance
Scott AFB/Midamerica St Louis 21 min - 11.0 mi
St Louis Lambert International 40 min - 28.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Jake Lurie 561-512-1658 Matthews™
Jake Lurie 561-512-1658 Matthews™