Listed by Matthews
$1,871,795
Absolute NNN | 3-Year SLB | 9.75% Cap | St. Louis MSA
Details
APN 08-09-0-204-042
Property Type Office
Sub Type Medical Office
Square Footage 7,300
Cap Rate 9.75%
NOI $182,500
Occupancy 100%
Lease Type Absolute NNN
Remaining Term 3
Rent Bumps Yes
Lease Options Three, 3 Year
Price per SqFt $256
Year Built 2000
Acreage 1.930
Investment Type Sale/Leaseback
ENT Institute of Southern Illinois
Investment highlights
- Absolute NNN Sale-Leaseback: The ENT Institute of Southern Illinois is operating under a 3-year absolute NNN lease, providing investors with truly passive ownership.
- Attractive Cap Rate: Offered at a 9.75% cap rate, the investment delivers strong current income relative to other medical office assets, appealing to investors seeking yield without operational complexity.
- Essential, Specialty Medical Tenancy: ENT services are a core component of outpatient healthcare, driven by consistent patient demand, referral-based business, and repeat visits. Specialty medical practices such as ENT benefit from non-discretionary care needs and stable utilization across economic cycles.
- Defensive Healthcare Asset Class: Medical office real estate remains one of the most resilient property types due to its reliance on essential services rather than consumer spending. Outpatient specialty practices continue to see sustained demand as care shifts away from hospital settings.
- Established Practice Serving the Metro East Region: : The tenant serves patients throughout the St. Louis Metro East and Southern Illinois markets, supporting long-term viability through a broad referral base and regional healthcare demand.
- Strong Suburban Medical Location with Supportive Demographics: The property is located in Swansea, IL, with convenient access to I-64 and surrounding St. Clair County communities. The immediate trade area is supported by 113K+ residents within a 5-mile radius, while the 1-mile average household income exceeds $125K, providing a strong demographic foundation for outpatient specialty medical services.
- Low-Management, Short-Term Medical Investment: The combination of a short-term lease, absolute NNN structure, and medical tenancy makes this offering well-suited for investors seeking near-term income with minimal management while maintaining future flexibility at lease rollover.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$182,500.00
$15,208.33/mo
Valuation Metrics
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DSCR
9.75%
Cap Rate
9.75%
ROI
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