Total Access Urgent Care

2138 1st Capitol Drive, Saint Charles, MO 63301

$3,185,000

Cap Rate 6.50%

Views: 56 DOM: 86 Updated: 06.25.24 Posted: 06.13.24 Status: Active

Summary

Price $3,185,000	Built/Renov 2018	Tenant Total Access Urgent Care
Cap Rate 6.50%	Lease Type NN+	Guarantor Corporate
Size/SF 4,217	Lease Start 01-01-2019	#Units 70
Price/SF $755.28	Expiration 12-31-2038	Tenant Type Medical/Health
NOI $207,022	R. Term 14.3	Ownership Fee Simple
Rent/SF $49.09	Increases 10.0%/5/yrs	Pop 5Mi 129,285
Lot/AC 0.48	Options 0/0yrs	AHHI 5Mi $97,542

Lease Highlights

Total Access Urgent Care has 14+ years remaining on the current lease term with no options to renew
The lease features 10% rental escalations throughout the initial term
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Total Access Urgent Care is strategically located at the signalized, hard corner intersection of First Capitol Drive and Clay Street, with access to a combined daily traffic count of 37,000 vehicles. The property is conveniently situated directly off Interstate 70 (150,000 VPD) and serves as the primary east/west freeway for the St. Louis metropolitan area. The surrounding area is home to...

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Key Features

Signalized intersection
Hard corner intersection
Roof guarantee
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Total Access Urgent Care Wikipedia St. Charles, Missouri Zip Code 63301 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Total Access Urgent Care
Guarantor:Corporate
Company:ICV Partners
# Units:70
Stock:Private

About Tenant

Total Access Urgent Care (TAUC) is a leading urgent care provider in the Greater St. Louis area, offering convenient and high-quality medical services to patients of all ages. TAUC patients spend...

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Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11545 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

142 Listings
11822 Views
60 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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