Investment Overview

Marcus & Millichap is pleased to present the single-tenant Metroeast Endoscopic Surgery Center located at 5023 N Illinois St, Fairview Heights, IL 62208. The total rentable building area is 5,826 square feet and is situated on 1.42 acres. The property was constructed in 2004. The tenant, Metroeast Endoscopic Surgery Center, is prepared to execute a 12-year lease at close of escrow. The Absolute Net lease features two percent annual rental increases through the base term and four five-year option periods. Metroeast Endoscopic Surgery Center specializes in spinal and neurosurgery, orthopedic surgery, ophthalmology, bariatric surgury, plastic surgery, gynaecology, general surgery, gastroenterology, podiarty and pain management. MESC is one of the busiest ASC facilities in Southern Illinois. With state-of-the-art equipment and the presence of certified nurses and anesthesiologists, the facility meets the highest standards of care. The facility has two multi-specialty operating rooms. There is a Certificate of Need (CON) Attached to the property. This asset is strategically located two miles from Memorial Hospital Belleville, a 222-bed Medical Center that provides primary and specialty healthcare services to the greater Belleville Township area. The property features excellent visibility on N Illinois St which experiences an excess of 23,800 vehicles per day. Metroeast Endoscopic Surgery Center is also located less than one mile from heavily-traveled Interstate-64, providing ease of access for patients. Interstate-64 experiences in excess of 87,900 vehicles per day near this location. Fairview Heights, Illinois is an affluent community situated 16 miles east of St. Louis and features excellent demographics; there are over 130,000 residents with an average household income exceeding $87,000 within five miles. This medical office offers an incoming investor a stable investment opportunity. Metroeast Endoscopic Surgery Center is executing a long-term lease showing their commitment to this location. An investor will also have an increasing NOI as a result of the two percent annual rental increases in place for the duration of the firm lease term.