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4280 Mid America Ln - Mercy Health (Leasehold) 10 Yr NNN A+ Credit 10,000 SF Health Care Building Offered at $4,828,350 at a 6.50% Cap Rate in Saint Louis, MO 63129
Investment Highlights
- Corporate lease guaranty from Mercy Health | A+ S&P credit rating | Investment grade
- Purpose-built primary care facility designed specifically for Mercy Health
- 1.5% annual rental increases throughout initial term | Built-in inflation protection
- 20-year initial term | Four 5-year renewal options | ±10.11 years remaining
- NNN lease structure | Tenant responsible for substantially all operating expenses
- 142,000+ VPD along Interstate 55 | 175K residents within 5-mile radius
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
| Price | $4,828,350 | Lot Size | 1.02 AC |
| Price Per Bed | $4,828,350 | Building Size | 11,925 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2019 |
| Building Class | B |
| Price | $4,828,350 |
| Price Per Bed | $4,828,350 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 11,925 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2019 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Contacts
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Antonio Diona -
Michael Moreno -
Rahul Chhajed -
Tyler Swade -
Matthews Real Estate Investment Services
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