Total Access Urgent Care

4201 State Highway K, O'Fallon, MO 63368

$3,415,000

Cap Rate 6.50%

Views: 174 DOM: 91 Updated: 10.30.24 Posted: 08.22.24 Status: Active

Summary

Price $3,415,000	Built/Renov 2016	Tenant Total Access Urgent Care
Cap Rate 6.50%	Lease Type NN+	Guarantor Corporate
Size/SF 5,025	Lease Start 11-01-2016	#Units 70
Price/SF $679.60	Expiration 10-31-2036	Tenant Type Medical/Health
NOI $221,844	R. Term 11.11	Ownership Fee Simple
Rent/SF $44.15	Increases 10.0%/1/yrs	Pop 5Mi 112,980
Lot/AC 0.96	Options 0/0yrs	AHHI 5Mi $134,225

Lease Highlights

Total Access Urgent Care has 12+ years remaining on the current lease term with no options to renew
The lease features 10% rental escalations throughout the initial term and option periods
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 Highway K and Waterbury Falls Drive, with access to a combined daily traffic count of 26,000 vehicles. The property is less than 1 mile from Progress West Hospital and is near well-known national tenants such as Schnucks, Circle K, Cracker Barrel, Panera Bread, Panda Express, and more. Additionally,...

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Key Features

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

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Links

Total Access Urgent Care Wikipedia O'Fallon, Missouri Zip Code 63368 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

151 Listings
15676 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
16084 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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