HSHS Drive-Thru Care

Hospital Sisters Health System - Net Leased Medical Office
HSHS Drive-Thru Care

Built 2021

Corporate Guarantee | Seven Year NNN Lease Term
 

Two, Five-Year Options to Extend the Term of the Lease

Landlord Responsible for Roof, Structure, HVAC Replacement

Part of the St. Louis MSA

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406 Hartman Lane, O'Fallon, IL 62269

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Request Offering Memorandum

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Market Summary

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Price                                    $1,742,600

Cap Rate                             5.87%

NOI                                      $102,204

Rentable SF                        3,246 SF

Price per SF                        $536.85

Year Built                            2021

Lot Size                               .91 Acres

Description

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Marcus & Millichap is pleased to present the HSHS Drive-Thru Care center in O'Fallon, Illinois. The property was a redevelopment completed in 2021. Located in the St. Louis metropolitan statistical area (MSA), where single-tenant properties have seen a significant increase in desirability.

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The seller, a long-time developer for the tenant, has signed a seven-year triple-net lease with landlord responsibilities being roof, structure and HVAC replacement. The lease started in April of 2021 so a new investor will have six years remaining on the term with two, five-year options.

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Since 1875, the Hospital Sisters of St. Francis have been caring for patients in Illinois, Wisconsin, and other locations in the United States and across the world. Today, the Hospital Sisters Health System (HSHS) is a multi-institutional healthcare system that cares for patients in 14 communities in Illinois and Wisconsin.

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HSHS is working with our physician partners to provide the patients we serve with a seamless, highly integrated experience that is efficient and allows for easy access to care. Our efforts around Care Integration involve breaking down the traditional barriers that prevent coordination between various clinicians by embracing medical information technology and applying evidence-based practices to the diagnosis and treatment of our patients.