Total Access Urgent Care

408 Brothers Avenue, Festus, MO 63028

$3,047,000

Cap Rate 6.65%

Views: 124 DOM: 95 Updated: 10.30.24 Posted: 09.17.24 Status: Active

Summary

Price $3,047,000	Built/Renov 2021	Tenant Total Access Urgent Care
Cap Rate 6.65%	Lease Type NN+	Guarantor Corporate
Size/SF 4,654	Lease Start 12-01-2019	#Units 70
Price/SF $654.71	Expiration 11-30-2039	Tenant Type Medical/Health
NOI $202,629	R. Term 14.11	Ownership Fee Simple
Rent/SF $43.54	Increases 10.0%/5/yrs	Pop 5Mi 35,180
Lot/AC 0.54	Options 0/0yrs	AHHI 5Mi $79,915

Lease Highlights

Total Access Urgent Care has 15 years remaining on the current lease term
The lease features 10% rental increases throughout the initial term
Favorable NN+ lease with landlord responsible for roof and structure | 20-year transferrable roof warranty in place
Corporate guaranteed lease

Location Description

Total Access Urgent Care is strategically located at the signalized, hard-corner intersection of Brothers Avenue and Veterans Boulevard, with access to a combined daily traffic count of 26,500 vehicles. This location is among the top 12% performing locations according to Placer.ai. The property is surrounded by prominent national retailers, including Walmart Supercenter, Home Depot, Lowe’s,...

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Key Features

New construction
Signalized intersection
Roof guarantee
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Long 15+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Total Access Urgent Care Wikipedia Festus, Missouri Zip Code 63028 Broker Site Page

Maps

Local Information

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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

151 Listings
17406 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
17843 Views
63 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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