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Mercy Health (Leasehold) 10 Yr NNN A+ Credit 4280 Mid America Ln 11,925 SF 100% Leased Office Building Saint Louis, MO 63129 $4,828,350 ($404.89/SF) 6.50% Cap Rate
Investment Highlights
- Corporate lease guaranty from Mercy Health | A+ S&P credit rating | Investment grade | Rare Full Guaranty Structure
- Purpose-built primary care facility designed specifically for Mercy Health | Build-to-Suit Location
- Leasehold Investment | Favorable Depreciation Opportunity | Basis Allocated to Depreciable Improvements rather than non-depreciable land
- 20-year initial term | 4 x 5-year renewal options | ±10+ years remaining
- Top Health System Tenancy | $10.2 Billion in FY 2025 Revenue | 50 hospitals, 20 ambulatory surgery centers, and more than 1,000 outpatient locations
- 142,000+ VPD along Interstate 55 | 175K+ residents within 5-mile radius | Ideal Dense Retail Location
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
Medical
Building Size
11,925 SF
Building Class
A
Year Built
2019
Price
$4,828,350
Price Per SF
$404.89
Cap Rate
6.50%
NOI
$313,843
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
11,925 SF
Building FAR
0.27
Lot Size
1.02 AC
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 30K-12-0547 | Improvements Assessment | $715,580 |
| Land Assessment | $113,310 | Total Assessment | $828,890 |
Property Taxes
Parcel Number
30K-12-0547
Land Assessment
$113,310
Improvements Assessment
$715,580
Total Assessment
$828,890
Contacts
-
Antonio Diona -
Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Matthews Real Estate Investment Services
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