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Single-Tenant Office Medical

Crossroads Cancer Center

905 Medical Park Dr, Effingham, IL 62401

Listing Price: $9,121,925

Cap Rate
6.75%
Tenant Name
Cancer Care Specialist of Illinois
Years Remaining On Lease
6.7
Gross SF
17,858
Guarantor
No Guarantee
Rentable SF
17,858
Price/Gross SF
$510.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.63

Investment Overview

Marcus & Millichap is pleased to present 905 Medical Park Drive located in Effingham, Illinois. This fully-stabilized medical office asset offers 17,858 square feet of high-end medical finishes, featuring 2015 renovations with strategic positioning near Keller Drive. The site is occupied by Cancer Care Specialists of Illinois (CCSI). CCSI operates under a triple-net lease structure, with lease term through 2028, and two, five-year renewal options. Additionally, the lease features annual base rent increases based on the CPI-U index not to exceed 4 percent, and the tenant will self-manage the building. Located kitty-corner from St. Anthony’s Regional Medical Center which is the regions medical hub between St. Louis, Missouri and Chicago, Illinois. The property adjoins new Health South Diagnostic Medical facility. The site offers frontage on Medical Park Drive along with visible monument signage. Thirty-Mile trade area situated at the heart of a regional retail trade market that encompasses over 200,000 people. Cancer Care Specialists of Illinois (CCSI) operates over 20 locations delivering award-winning care. CCSI is also affiliated with several National Cancer Institute research organizations. The subject property is adjacent to HSHS St. Anthony’s Memorial Hospital, which services Effingham County and Jasper County along with portions of the counties of Clark, Clay, Crawford, Cumberland, Fayette, Marion, Richland, and Shelby, serving a population of over 250,000 people.

Investment Highlights

  • Passive Triple-Net Lease Structure
  • 6.75 Years Remaining on Lease Term
  • Attractive Renewal Options | Tenant Self-Manages Building

Exclusively Listed By

Single-Tenant Office Medical

Crossroads Cancer Center

Listing Price: $9,121,925

Cap Rate
6.75%
Tenant Name
Cancer Care Specialist of Illinois
Years Remaining On Lease
6.7
Gross SF
17,858
Guarantor
No Guarantee
Rentable SF
17,858
Price/Gross SF
$510.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.63

Investment Highlights

  • Passive Triple-Net Lease Structure
  • 6.75 Years Remaining on Lease Term
  • Attractive Renewal Options | Tenant Self-Manages Building

Investment Overview

Marcus & Millichap is pleased to present 905 Medical Park Drive located in Effingham, Illinois. This fully-stabilized medical office asset offers 17,858 square feet of high-end medical finishes, featuring 2015 renovations with strategic positioning near Keller Drive. The site is occupied by Cancer Care Specialists of Illinois (CCSI). CCSI operates under a triple-net lease structure, with lease term through 2028, and two, five-year renewal options. Additionally, the lease features annual base rent increases based on the CPI-U index not to exceed 4 percent, and the tenant will self-manage the building. Located kitty-corner from St. Anthony’s Regional Medical Center which is the regions medical hub between St. Louis, Missouri and Chicago, Illinois. The property adjoins new Health South Diagnostic Medical facility. The site offers frontage on Medical Park Drive along with visible monument signage. Thirty-Mile trade area situated at the heart of a regional retail trade market that encompasses over 200,000 people. Cancer Care Specialists of Illinois (CCSI) operates over 20 locations delivering award-winning care. CCSI is also affiliated with several National Cancer Institute research organizations. The subject property is adjacent to HSHS St. Anthony’s Memorial Hospital, which services Effingham County and Jasper County along with portions of the counties of Clark, Clay, Crawford, Cumberland, Fayette, Marion, Richland, and Shelby, serving a population of over 250,000 people.

Exclusively Listed By

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