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29262851
29262852

2835 N Oak Grove Ave, Springfield, MO 65803

JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
BT
Thessing Commercial Properties, LLC
Listed by Hanley Investment Group, Thessing Commercial Properties, LLC
$8,650,000
139 days on market
Updated 50 days ago
Opportunity zone

Mérieux NutriSciences | Springfield, MO

Details
APN 1204205022
Property Type Office, Retail
Sub Type Medical Office, Traditional Office
Square Footage 275,050
Net Rentable (SqFt) 27,050
Cap Rate 7.01%
NOI $606,528
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 11/30/2043
Remaining Term 17.5
Rent Bumps Yes
Lease Options One 5-Year @ FMV
Price per SqFt $31
Broker Co-Op Yes
Year Built 2015
Year Renovated 2023
Buildings 1
Stories 1
Acreage 2.390
Lease Commencement 12/01/2023

New 20-Year NNN Lease; With Recent Long Term Commitment | Strong Corporate Guaranty

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Merieux_Springfield

Investment highlights

  • Single-Tenant Mérieux NutriSciences (Sillker, Inc.) Corprorate Net Lease Investment Opportunity:

    • New 20-year NNN lease; 18 years remaining

    • Fixed increases every 5 years and one 5-year option at FMV

    • In 2023, tenant expanded by 8,000 square feet, renovated their existing space, and signed a new 20-year lease; the expansion included three walk-in coolers/freezers and advanced safe rooms, specifically designed for high-end microbiology and chemistry testing; this major facility upgrade demonstrates their long term commitment to the property

    • Mérieux NutriSciences is a world leader in food safety, quality and sustainability solutions, providing scientific testing, analysis, consulting, auditing, and training services across the food supply chain to help companies ensure regulatory compliance, reduce risk and deliver safer, healthier products

    • Mérieux NutriSciences has more than 140 accredited laboratories and a team of over 10,000 employees worldwide

    • Corporate lease backed by Silliker, Inc. with strong balance sheet (contact broker for more details)

  • Springfield Metro Ranks Among Top Food Manufacturing Hubs in the US, Contributing to the Success of the Subject Property

  • Central U.S. Location; Strategically Positioned in Springfield, Missouri, a Premier Midwest Logistics Hub

  • Positioned Just Off I-44 & Highway 65 in Northeast Springfield, Missouri; The Property Offers Exceptional Visibility and Close Access to Both Highway 65 and I-44, Ensuring Strong Logistical Advantages

  • Surrounded by a Strong Roster of Blue Chip Users, National and Regional Operators Including Bass Pro Shops National Distribution Center, Prime Trucking, Fastenal, Penske, Rush International Trucks, and Crown Forklift

  • Springfield is the Third Most Populous City in Missouri and is the County Seat of Greene County

Listing Contacts

JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
BT
Thessing Commercial Properties, LLC
Listed by Hanley Investment Group, Thessing Commercial Properties, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$606,528.00
$50,544.00/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

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