Total Access Urgent Care

507 South Main Street, O'Fallon, MO 63366

$2,835,000

Cap Rate 6.50%

Views: 43 DOM: 54 Updated: 08.08.24 Posted: 07.15.24 Status: Active

Summary

Price $2,835,000	Built/Renov 2017	Tenant Total Access Urgent Care
Cap Rate 6.50%	Lease Type NN+	Guarantor Corporate
Size/SF 5,040	Lease Start 12-01-2017	#Units 20
Price/SF $562.50	Expiration 11-30-2037	Tenant Type Medical/Health
NOI $184,367	R. Term 13.2	Ownership Fee Simple
Rent/SF $36.58	Increases 10.0%/3/yrs	Pop 5Mi 146,614
Lot/AC 0.64	Options 0/0yrs	AHHI 5Mi $121,238

Lease Highlights

Total Access Urgent Care has 13+ years remaining on the current lease term with no options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Total Access Urgent Care is strategically located on S. Main Street, with access to 21,000 vehicles passing by daily. The property is situated in the heart of O’Fallon’s commercial hub, surrounded by well-known national tenants including Walmart Supercenter, Lowe’s, Home Depot, Hobby Lobby, Schnucks, and more. Additionally, it is across from North Middle School and is half a mile north of...

...

Key Features

Build to suit
Roof guarantee
Dense retail corridor
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

...

Links

Total Access Urgent Care Wikipedia O'Fallon, Missouri Zip Code 63366 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Total Access Urgent Care
Guarantor:Corporate
Company:ICV Partners
# Units:20
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...

...

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11538 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

142 Listings
11815 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

...

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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT