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Mercy Health On Campus Outpatient | 10 Yr NNN 202 E 50th St 13,594 SF Office Building Joplin, MO 64804 $7,677,189 ($564.75/SF) 5.75% Cap Rate



Investment Highlights
- On-campus fee simple Mercy Primary Care facility on Mercy Hospital Joplin campus | 900K SF Campus $435M Project Built in 2015 - Part of $1BN Mercy Inv
- Leading hospital system | $10.2 billion in revenue | Multi-state footprint
- Annual rental increases | Built-in inflation protection | Triple-Net Structure | Ideal 1031 Exchange Opportunity
- Corporate lease guaranty from Mercy Health | A+ S&P credit rating | Investment Grade
- 2016 purpose-built, build-to-suit facility | 20-year NNN lease | 10 years remaining
- Joplin, MO | Ideal healthcare hub location | Dominant four-state market | Primary Care Facility | Premier Asset Class
Executive Summary
Broker of Record
Kyle Matthews
License # 2017010164, 2022018843 (MO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 2017010164, 2022018843 (MO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,594 SF
Building Class
A
Year Built
2017
Price
$7,677,189
Price Per SF
$564.75
Cap Rate
5.75%
NOI
$441,438
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,594 SF
Building FAR
0.11
Lot Size
2.77 AC
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05-7.0-26-003-002-005.006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $487,810 |
Property Taxes
Parcel Number
05-7.0-26-003-002-005.006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$487,810
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