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Single-Tenant Office Medical

Sedalia Surgery Center

3310 W 10th St, Sedalia, MO 65301

Listing Price: $3,900,000

Cap Rate
7.00%
Tenant Name
Midwest Vision Partners
Years Remaining On Lease
6.6
Gross SF
6,826
Guarantor
Corporate Guarantee
Rentable SF
6,826
Price/Gross SF
$571.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.00

Investment Overview

Sedalia Surgery Center is a 6,826 square-foot, single-tenant medical office located in Sedalia, Missouri. The tenant has a corporate guarantee through Midwest Vision Partners and recently executed a brand-new seven-year, triple-net lease. There are 2.5 percent annual rent increases and two seven-year option periods. Sedalia Surgery Center is the only ambulatory surgical center serving Sedalia, MO. SSC is a multi-specialty ASC with two fully-equipped operating rooms and one procedure room. Midwest Vision Partners is a premier eye care platform in partnership with Alpine Investors, a San Francisco-based private equity firm. MVP provides world-class support to ophthalmologists and optometrists, enabling them to focus on improving patients’ vision. MVP’s network consists of 20 practices, 135 physicians and roughly 1,300 employees providing medical and surgical eyecare services at 70 clinical locations across Ohio, Michigan, Missouri, Illinois, Pennsylvania and West Virginia. The property is positioned within an office corridor, neighbored by senior living and other medical tenants. The property is also within close proximity to large retail including Walmart, JCPenney, TJ Maxx, Lowe’s, Big Lots, and many others. Bothwell Regional Health Center is 2.5 miles from the property. Bothwell is a 108-bed healthcare facility with a 24/7 Emergency Room and employs more than 900 people and 100 physicians. The City of Sedalia is the seat of Pettis County in west-central Missouri. Located 90 miles east of Kansas City and 190 miles west of St. Louis, Sedalia's location at the intersection of US routes 50 and 65 gives residents and businesses easy access to Interstate 70, state capital Jefferson City and the Lake of the Ozarks recreational area.

Investment Highlights

  • Brand New Seven-Year Triple-Net Lease | 2.5 Percent Annual Rent Increases
  • Corporately Guaranteed by Midwest Vision Partners
  • Quick Access to Route 50 (Average 13,670 Vehicles Per Day)
  • Close Proximity to Large Retail Including Walmart, JCPenney, TJ Maxx, Lowe's, and Others
  • 2.5 Miles from Bothwell Regional Health Center (108 Beds, 24/7 ER)
  • Sedalia is Halfway Between Kansas City and Jefferson City
  • Over 44,000 Full-Time Residents & Average Household Income of $62,637 within a 15-Mile Radius

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Single-Tenant Office Medical

Sedalia Surgery Center

Listing Price: $3,900,000

Cap Rate
7.00%
Tenant Name
Midwest Vision Partners
Years Remaining On Lease
6.6
Gross SF
6,826
Guarantor
Corporate Guarantee
Rentable SF
6,826
Price/Gross SF
$571.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.00

Investment Highlights

  • Brand New Seven-Year Triple-Net Lease | 2.5 Percent Annual Rent Increases
  • Corporately Guaranteed by Midwest Vision Partners
  • Quick Access to Route 50 (Average 13,670 Vehicles Per Day)
  • Close Proximity to Large Retail Including Walmart, JCPenney, TJ Maxx, Lowe's, and Others
  • 2.5 Miles from Bothwell Regional Health Center (108 Beds, 24/7 ER)
  • Sedalia is Halfway Between Kansas City and Jefferson City
  • Over 44,000 Full-Time Residents & Average Household Income of $62,637 within a 15-Mile Radius

Investment Overview

Sedalia Surgery Center is a 6,826 square-foot, single-tenant medical office located in Sedalia, Missouri. The tenant has a corporate guarantee through Midwest Vision Partners and recently executed a brand-new seven-year, triple-net lease. There are 2.5 percent annual rent increases and two seven-year option periods. Sedalia Surgery Center is the only ambulatory surgical center serving Sedalia, MO. SSC is a multi-specialty ASC with two fully-equipped operating rooms and one procedure room. Midwest Vision Partners is a premier eye care platform in partnership with Alpine Investors, a San Francisco-based private equity firm. MVP provides world-class support to ophthalmologists and optometrists, enabling them to focus on improving patients’ vision. MVP’s network consists of 20 practices, 135 physicians and roughly 1,300 employees providing medical and surgical eyecare services at 70 clinical locations across Ohio, Michigan, Missouri, Illinois, Pennsylvania and West Virginia. The property is positioned within an office corridor, neighbored by senior living and other medical tenants. The property is also within close proximity to large retail including Walmart, JCPenney, TJ Maxx, Lowe’s, Big Lots, and many others. Bothwell Regional Health Center is 2.5 miles from the property. Bothwell is a 108-bed healthcare facility with a 24/7 Emergency Room and employs more than 900 people and 100 physicians. The City of Sedalia is the seat of Pettis County in west-central Missouri. Located 90 miles east of Kansas City and 190 miles west of St. Louis, Sedalia's location at the intersection of US routes 50 and 65 gives residents and businesses easy access to Interstate 70, state capital Jefferson City and the Lake of the Ozarks recreational area.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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