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Single-Tenant Office Medical

HSHS Drive-Thru Care

406 Hartman Ln, O'Fallon, IL 62269

Listing Price: $1,742,600

Cap Rate
5.87%
Tenant Name
HSHS
Years Remaining On Lease
5.9
Gross SF
3,246
Guarantor
Corporate Guarantee
Rentable SF
3,246
Price/Gross SF
$536.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.49

Investment Overview

Marcus & Millichap is pleased to present the HSHS Drive-Thru Care center in O'Fallon, Illinois. The property was a redevelopment completed in 2021. Located in the St. Louis metropolitan statistical area (MSA), where single-tenant properties have seen a significant increase in desirability. The seller, a long-time developer for the tenant, has signed a seven-year triple-net lease with landlord responsibilities being roof, structure and HVAC replacement. The lease started in April of 2021 so a new investor will have six years remaining on the term with two, five-year options. Since 1875, the Hospital Sisters of St. Francis have been caring for patients in Illinois, Wisconsin, and other locations in the United States and across the world. Today, the Hospital Sisters Health System (HSHS) is a multi-institutional healthcare system that cares for patients in 14 communities in Illinois and Wisconsin. HSHS is working with our physician partners to provide the patients we serve with a seamless, highly integrated experience that is efficient and allows for easy access to care. Our efforts around Care Integration involve breaking down the traditional barriers that prevent coordination between various clinicians by embracing medical information technology and applying evidence-based practices to the diagnosis and treatment of our patients.

Investment Highlights

  • Construction Completed in 2021
  • Seven Year Lease Term
  • Landlord Responsible for Roof, Structure, HVAC Replacement
  • Two, Five-Year Options to Extend the Term of the Lease
  • Part of the St. Louis Metropolitan Statistical Area

Exclusively Listed By

Single-Tenant Office Medical

HSHS Drive-Thru Care

Listing Price: $1,742,600

Cap Rate
5.87%
Tenant Name
HSHS
Years Remaining On Lease
5.9
Gross SF
3,246
Guarantor
Corporate Guarantee
Rentable SF
3,246
Price/Gross SF
$536.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.49

Investment Highlights

  • Construction Completed in 2021
  • Seven Year Lease Term
  • Landlord Responsible for Roof, Structure, HVAC Replacement
  • Two, Five-Year Options to Extend the Term of the Lease
  • Part of the St. Louis Metropolitan Statistical Area

Investment Overview

Marcus & Millichap is pleased to present the HSHS Drive-Thru Care center in O'Fallon, Illinois. The property was a redevelopment completed in 2021. Located in the St. Louis metropolitan statistical area (MSA), where single-tenant properties have seen a significant increase in desirability. The seller, a long-time developer for the tenant, has signed a seven-year triple-net lease with landlord responsibilities being roof, structure and HVAC replacement. The lease started in April of 2021 so a new investor will have six years remaining on the term with two, five-year options. Since 1875, the Hospital Sisters of St. Francis have been caring for patients in Illinois, Wisconsin, and other locations in the United States and across the world. Today, the Hospital Sisters Health System (HSHS) is a multi-institutional healthcare system that cares for patients in 14 communities in Illinois and Wisconsin. HSHS is working with our physician partners to provide the patients we serve with a seamless, highly integrated experience that is efficient and allows for easy access to care. Our efforts around Care Integration involve breaking down the traditional barriers that prevent coordination between various clinicians by embracing medical information technology and applying evidence-based practices to the diagnosis and treatment of our patients.

Exclusively Listed By

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