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Views: 177 DOM: 334 Updated: 10.04.24 Posted: 05.09.24 Status: Active

Summary

Price $1,025,000
Built/Renov 2013
Tenant Mine Safety & Health (MSHA) (LH)
Cap Rate 8.65%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 8,000
Lease Start 05-16-2013
#Units 50
Price/SF $128.13
Expiration 05-15-2027
Tenant Type Government
NOI $88,666
R. Term 2.1
Ownership Leasehold
Rent/SF $11.08
Increases 0.0%/0/yrs
Pop 5Mi 33,499
Lot/AC 1.27
Options 0/0yrs
AHHI 5Mi $85,625

Lease Highlights

  • Mine Safety & Health (MSHA) has been operating in this location since 2013
  • Long-term Leasehold
  • The tenant has 2 years remaining on the current lease term with no options remaining
  • Backed by the U.S. Government (S&P: AA+)

Location Description

Mine Safety & Health Administration is strategically located on Express Drive. This 8,000-square foot building was developed in 2013 and is situated on 1.274 acres of land. The property is part of the Williamson County Airport Business Park, which is also part of the Veterans Airport of Southern Illinois. The 5-mile trade area is supported by a population of 33,499 residents with an average...

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  • 5 Miles

Tenant

  • Tenant: Mine Safety & Health
  • Guarantor:Corporate
  • Company:U.S. Federal Government
  • # Units:50
  • Stock:Private

About Tenant

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from mining and promote safe and healthful workplaces for U.S. miners. MSHA...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 301 5,853 32,879
2024 Total Population : 298 5,805 33,286
2024 Employed Civilian Pop : 117 2,693 15,314
2024 Total Businesses : 133 697 1,945
2024 Average Household Income : $ 138,740 $ 113,080 $ 90,655
2024 Total Consumer Spending : $ 16 M $ 257 M $ 1212 M
2024 Median Age : 55 44 41
2024 Total Households : 135 2,606 14,971
2024 Pop Age 25+: Bachelor's Degree : 59 975 4,412
2024 Average Home Value : $ 430,488 $ 280,525 $ 204,383
*ESRI data is presented for informational purposes only

Listing Broker

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Geoff Ficke

Colliers

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  • 10 Listings
  • 2790 Views
  • 2 Sold
Zachary Ficke

Colliers

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  • 10 Listings
  • 2790 Views
  • 2 Sold

Geoff Ficke serves as Executive Vice President and is a member of the Institutional Capital Markets Group of Colliers International. Mr. Ficke focuses on the acquisition, disposition and capitalization of CTL, GSA and NNN properties and portfolios throughout the country. Mr. Ficke’s primary focus is representing sellers of investment grade assets leased to the federal government and other national credit tenants. Throughout Mr. Ficke's career he and his team have closed transactions valued at

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Zack Ficke serves as Vice President for the Institutional Capital Markets Group of Colliers International. Mr. Ficke specializes in acquisitions, dispositions, and project capitalization solutions for CTL, NNN, and Federal Government (GSA &VA) leased property throughout the United States. Mr. Ficke’s core focus is representation of developers and sellers of single-tenant, investment grade properties with experience in both portfolio transactions and sale-leaseback executions. In additi

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