Office Medical
SSM Physical Therapy
4964 Benchmark Centre Dr, Swansea, IL 62226
Listing Price: $1,250,000
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Single Tenant Medical Office Building Fully Occupied By SSM Health Physical Therapy (“The Property”) located in
Swansea, IL.
The Property features a recent 7-year lease with SSM Health Physical Therapy, who bought out Benchmark Physical Therapy at this location in 2023. The lease is double net with the tenant responsible for Taxes, Insurance, and some CAM expenses. The lease is at a below market $14.41 PSF, which provides upside potential through the option rent which jumps to Full Market Value in 2035.
The 7,200 SF building was built in 2007 with state-of-the-art physical therapy and aquatic therapy pools providing a multi-specialty physical therapy hub. SSM Physical Therapy currently operates 80 Physical Therapy locations under their SSM Select Rehab St. Louis subsidiary which guarantees this lease. This is a growing branch of SSM Health which is one of the top not-for-profit health systems in America.
The Property is located in Swansea IL, a wealthy city in the eastern portion of the St. Louis MSA with very strong real estate fundamentals. The trade area has more than 30,000,000 square feet of office and retail space which is more than 95% occupied.
The Property is offered for sale at an 8.00% cap rate totaling $1,250,000.
Investment Highlights
- Freestanding Built-to-Suit Physical Therapist and Aquatic Therapy |7,200 SF
- A+ Credit Rating Tenant | SSM Health Has Over 1,880 locations in Illinois, Missouri, Oklahoma, and Wisconsin | SSM Employs 11,000 Providers and Nearly 39,000 Employees
- Affluent Area: Two-Mile Average Household Income is $108,694
Listing Price: $1,250,000
Investment Highlights
- Freestanding Built-to-Suit Physical Therapist and Aquatic Therapy |7,200 SF
- A+ Credit Rating Tenant | SSM Health Has Over 1,880 locations in Illinois, Missouri, Oklahoma, and Wisconsin | SSM Employs 11,000 Providers and Nearly 39,000 Employees
- Affluent Area: Two-Mile Average Household Income is $108,694
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Single Tenant Medical Office Building Fully Occupied By SSM Health Physical Therapy (“The Property”) located in Swansea, IL. The Property features a recent 7-year lease with SSM Health Physical Therapy, who bought out Benchmark Physical Therapy at this location in 2023. The lease is double net with the tenant responsible for Taxes, Insurance, and some CAM expenses. The lease is at a below market $14.41 PSF, which provides upside potential through the option rent which jumps to Full Market Value in 2035. The 7,200 SF building was built in 2007 with state-of-the-art physical therapy and aquatic therapy pools providing a multi-specialty physical therapy hub. SSM Physical Therapy currently operates 80 Physical Therapy locations under their SSM Select Rehab St. Louis subsidiary which guarantees this lease. This is a growing branch of SSM Health which is one of the top not-for-profit health systems in America. The Property is located in Swansea IL, a wealthy city in the eastern portion of the St. Louis MSA with very strong real estate fundamentals. The trade area has more than 30,000,000 square feet of office and retail space which is more than 95% occupied. The Property is offered for sale at an 8.00% cap rate totaling $1,250,000.

