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Office Medical

Troy Professional Building

91 Troy Square, Troy, MO 63379

Listing Price: $4,900,550

Cap Rate
6.00%
Gross SF
27,712
Rentable SF
24,994
Price/Gross SF
$176.84
Occupancy
100.0%
Year Built
2007
Lot Size
2.19 acres

Investment Overview

Marcus & Millichap is pleased to present the Troy Professional Medical Office Building in the consistently growing community of Troy, Missouri. The building is two-stories, approximately 27,712 square-feet, with a lobby and elevator located on 2.19 acres of land. Troy, Missouri has seen consistent population growth over the last 10+ years, and is located in the fast-growing Lincoln County. There are currently four tenants, and the building is at 100 percent occupancy Compass Health occupies the entire first floor of the building, 12,174 square-feet. Compass Health has 64 locations throughout Missouri, they are a physical, mental, and emotional health network that provides comprehensive health care for those who need it. Compass Health has been a tenant in this building since 2019, on a triple-net (NNN) lease with annual rent bumps and two three-year options (about three years remaining on their original lease). The second floor consists of about 12,820 SF, with three suites. Cuivre Creek Pediatric Dentistry (3,156 square-feet), they are a local dentistry practice on a triple-net (NNN) lease with about nine years remaining on the lease and annual rent rumps. VA Mennemeyer Orthodontics is an affiliate of the ownership group. There are two separate month-to-month master leases with the affiliates of the ownership group, both 3,087 square-feet(6,174 square-feet overall), at $12.50 per square-foot. Southern Orthodontics occupies 3,448 square-feet of the second floor, under a triple-net (NNN) lease with three, five-year options and rent bumps (about five years remaining on the lease). Southern Orthodontics is a Nashville-based practice management group that acquired three St. Louis area orthodontic practices in October 2021. Southern Orthodontics Partners currently has 57 partners/practices throughout 10 different states! Don't miss your opportunity to own this beautiful, fully leased Medical Office Building in Troy, Missouri!

Investment Highlights

  • Triple-Net (NNN) Leases, with Strong Medical Tenants, Annual Rent Bumps, and Options.
  • Located off of E State Hwy 47 (20,000+ Vehicles per Day).
  • Located in the fast-growing city of Troy, Missouri (consistent growth for the last 20+ years).
  • Located less than a mile away from a Walmart Superstore, as well as other well-known national retailers (Dollar Tree, Dairy Queen, Kroger, Aldi, SSM Health Care, AutoZone, American Family Insurance, etc.)
  • 100 Percent Occupied

Exclusively Listed By

Office Medical

Troy Professional Building

Listing Price: $4,900,550

Cap Rate
6.00%
Gross SF
27,712
Rentable SF
24,994
Price/Gross SF
$176.84
Occupancy
100.0%
Year Built
2007
Lot Size
2.19 acres

Investment Highlights

  • Triple-Net (NNN) Leases, with Strong Medical Tenants, Annual Rent Bumps, and Options.
  • Located off of E State Hwy 47 (20,000+ Vehicles per Day).
  • Located in the fast-growing city of Troy, Missouri (consistent growth for the last 20+ years).
  • Located less than a mile away from a Walmart Superstore, as well as other well-known national retailers (Dollar Tree, Dairy Queen, Kroger, Aldi, SSM Health Care, AutoZone, American Family Insurance, etc.)
  • 100 Percent Occupied

Investment Overview

Marcus & Millichap is pleased to present the Troy Professional Medical Office Building in the consistently growing community of Troy, Missouri. The building is two-stories, approximately 27,712 square-feet, with a lobby and elevator located on 2.19 acres of land. Troy, Missouri has seen consistent population growth over the last 10+ years, and is located in the fast-growing Lincoln County. There are currently four tenants, and the building is at 100 percent occupancy Compass Health occupies the entire first floor of the building, 12,174 square-feet. Compass Health has 64 locations throughout Missouri, they are a physical, mental, and emotional health network that provides comprehensive health care for those who need it. Compass Health has been a tenant in this building since 2019, on a triple-net (NNN) lease with annual rent bumps and two three-year options (about three years remaining on their original lease). The second floor consists of about 12,820 SF, with three suites. Cuivre Creek Pediatric Dentistry (3,156 square-feet), they are a local dentistry practice on a triple-net (NNN) lease with about nine years remaining on the lease and annual rent rumps. VA Mennemeyer Orthodontics is an affiliate of the ownership group. There are two separate month-to-month master leases with the affiliates of the ownership group, both 3,087 square-feet(6,174 square-feet overall), at $12.50 per square-foot. Southern Orthodontics occupies 3,448 square-feet of the second floor, under a triple-net (NNN) lease with three, five-year options and rent bumps (about five years remaining on the lease). Southern Orthodontics is a Nashville-based practice management group that acquired three St. Louis area orthodontic practices in October 2021. Southern Orthodontics Partners currently has 57 partners/practices throughout 10 different states! Don't miss your opportunity to own this beautiful, fully leased Medical Office Building in Troy, Missouri!

Exclusively Listed By

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