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5 Ludwig Dr
Fairview Heights, IL 62208
HSHS Medical Group · Retail Property For Sale
Investment Highlights
- Corporate Guarantee | Investment Grade Tenant (S&P: A+)
- Recent Lease Extension | 11+ Year Operating History
- Recent Capital Improvements | New Roof Installed 2020
- Exceptionally Rare 4% Annual Rent Increases
- Recession & E-Commerce Resistant Tenant | Essential Business
- Nonprofit Stability
Executive Summary
HSHS Medical Group - Fairview Heights, IL | 4% Annual Rent Increases | Corporate Guarantee
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,080 SF
Building Class
B
Year Built/Renovated
1992/2002
Price
$1,239,000
Price Per SF
$243.90
Cap Rate
7.50%
NOI
$92,907
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.27 AC
Zoning
C1 - Commercial
Parking
30 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
159’ on Ludwig Dr
Amenities
- Signage
Property Taxes
| Parcel Number | 03-21.0-400-014 | Improvements Assessment | $136,319 |
| Land Assessment | $124,346 | Total Assessment | $260,665 |
Property Taxes
Parcel Number
03-21.0-400-014
Land Assessment
$124,346
Improvements Assessment
$136,319
Total Assessment
$260,665
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