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Views: 109 DOM: 198 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 2.5
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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Maps

  • 1 Mile
  • 3 Miles
  • 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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