Investment Overview

Marcus & Millichap is pleased to present the single-tenant Apollo Surgery Center located at 10012 Manchester Road, St. Louis, Missouri. The total rentable building area is 5,769 square feet and is situated on 0.81 acres. The property was constructed in 2019. The tenant, Apollo 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. Apollo Ambulatory Surgery Center (AASC) is a multispecialty ASC located in St. Louis. AASC specializes in many different procedures including neurosurgery, orthopedic surgery, spinal surgery and gastrointestinal surgery. AASC has the privilege of being one of the busiest multispecialty ambulatory surgery centers in the Midwest. With state-of-the-art equipment and the presence of certified nurses and anesthesiologists, the facility meets the highest standards of care. AASC is a great alternative to expensive and time-consuming hospital visits for minimally-invasive procedures. This asset is strategically located within six miles of three hospitals including Missouri Baptist Medical Center (426 Beds), Mercy Hospital St. Louis (1,252 Beds), and St. Luke’s Des Peres Hospital (143 Beds). The property features excellent visibility on Manchester Road which experiences an excess of 31,000 vehicles per day. Apollo Surgery Center is also located in close proximity to Interstate-64 and Interstate-44, providing ease of access for patients. The asset is situated 12 miles from downtown St. Louis and features excellent demographics; there are over 223,000 residents with an average household income exceeding $133,000 within five miles. This medical office offers an incoming investor a stable investment opportunity. The Apollo 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.