4280 Mid America Ln - Health Care FOR SALE
Saint Louis, MO 63129 |
$4,828,350 USD
818-923-6366
4280 Mid America Ln
Saint Louis, MO 63129
HIGHLIGHTS
- Corporate lease guaranty from Mercy Health | A+ S&P credit rating | Investment grade
- 20-year initial term | Four 5-year renewal options | ±10.11 years remaining
- Purpose-built primary care facility designed specifically for Mercy Health
- NNN lease structure | Tenant responsible for substantially all operating expenses
- 1.5% annual rental increases throughout initial term | Built-in inflation protection
- 142,000+ VPD along Interstate 55 | 175K residents within 5-mile radius
FOR SALE DETAILS
PRICE
$4,828,350 USD
PRICE/SF
$483 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mercy Health (Leasehold) 10 Yr NNN A+ Credit
PROPERTY TYPE
Health Care
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.02 AC
LAND SF
44,431 SF
ZONING
-
APN/PARCEL ID
30K-12-0547
ASK ABOUT THIS PROPERTY
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818-923-6366
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818-923-6366
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