St. Luke's Hospital Center for Diagnostic Imaging

6940 South Lindbergh Boulevard, St. Louis, MO 63125

$2,233,000

Cap Rate 6.50%

Views: 28 DOM: 64 Updated: 04.28.24 Posted: 03.13.24 Status: Active 03.13.24

Summary

Price $2,233,000	Built/Renov 2000	Tenant St. Luke's Hospital Center for Diagnostic Imaging
Cap Rate 6.50%	Lease Type NN+	Guarantor Corp Rated
Size/SF 4,536	Lease Start 11-01-2022	#Units 32
Price/SF $492.28	Expiration 10-31-2032	Tenant Type Medical/Health
NOI $145,152	R. Term 8.5	Ownership Fee Simple
Rent/SF $32.00	Increases 9.0%/5/yrs	Pop 5Mi 198,389
Lot/AC 0.51	Options 2/5yrs/10%	AHHI 5Mi $90,903

Lease Highlights

St. Luke’s Hospital Center has been operating in this location since 2000
Tenant has 8+ years remaining on its current lease term with 2 (5-year) options to extend
Lease features a rental increase of 9.4% beginning in Year 6 and 10% increases in each of the option period
New roof in 2019 with a 20-year transferable Firestone warranty
Corporate guaranteed lease

Location Description

The property operates as a St. Luke’s Hospital Center is positioned at the hard corner intersection of Lindbergh Boulevard and Crescent Drive, which provides excellent visibility, with a traffic count of nearly 25,000 vehicles passing by daily. The site benefits from excellent freeway accessibility via its location at the intersections of Interstate 55, Interstate 255, and U.S. Route 50. The...

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Key Features

Hard corner intersection
In location for years
Near major nationals
Strategically located
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Favorable NN+ lease
Corporate Guarantee

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Links

St. Luke's Hospital Center for Diagnostic Imaging Wikipedia St. Louis, Missouri Zip Code 63125 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: St. Luke's Hospital
Guarantor:Corp Rated
Company:St. Luke’s Episcopal-Presbyterian
# Units:32
Tenant S&P: A
Stock:Private

About Tenant

St. Luke’s is a faith-based, nonprofit healthcare provider committed to improving the quality of life for their patients and the community. St. Luke’s compassionate healthcare team furthers this...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Lindbergh Blvd	Crescent Dr	2019	22,718	0.06 mi
S Lindbergh Blvd	Crescent Dr	2019	8,156	0.07 mi
Union Rd	S County Center Way	2013	10,234	0.07 mi
Crescent Dr	S Lindbergh Blvd	2013	388	0.08 mi
Union Road	S Lindbergh Blvd	2018	5,698	0.13 mi
Union Rd	Mc Adoo Ct	2013	10,750	0.13 mi
Bi State Industrial Dr	Feth Dr	2018	13,886	0.13 mi
S Lindbergh Blvd	Ramp Lindbergh Blvd Ramp N	2013	6,302	0.13 mi
I- 55	Ramp Lindbergh Blvd Ramp N	2013	5,643	0.15 mi
S Lindbergh Blvd	Ramp Lindbergh Blvd Ramp N	2013	3,804	0.16 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5122 Views
54 Sold

Bill Asher

Hanley Investment Group

Contact

117 Listings
5252 Views
50 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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