Total Access Urgent Care

1717 Madison Avenue, Washington, MO 63090

$3,270,000

Cap Rate 6.65%

Views: 7 DOM: 2 Updated: 09.17.24 Posted: 09.17.24 Status: Active

Summary

Price $3,270,000	Built/Renov 2018	Tenant Total Access Urgent Care
Cap Rate 6.65%	Lease Type NN+	Guarantor Corporate
Size/SF 5,000	Lease Start 07-01-2018	#Units 70
Price/SF $654.00	Expiration 06-30-2038	Tenant Type Medical/Health
NOI $217,367	R. Term 13.9	Ownership Fee Simple
Rent/SF $43.47	Increases 10.0%/5/yrs	Pop 5Mi 22,493
Lot/AC 0.90	Options 0/0yrs	AHHI 5Mi $89,202

Lease Highlights

Total Access Urgent Care has 13+ years remaining on the current lease term with no options to extend
The lease features 10% rental increases 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 on Madison Avenue, with access to 42,500 vehicles passing by daily. The property is ideally situated between Walmart Supercenter and Lowe’s Home Improvement. Walmart attracts 2.8 million visitors annually (Placer.ai), while Lowe’s ranks in the top 15% of the chain in Missouri and holds the #1 position for customer traffic within a 30-mile...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Affluent suburb location
Income tax free state
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Total Access Urgent Care Wikipedia Washington, Missouri Zip Code 63090 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

144 Listings
12270 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

144 Listings
12554 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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