AMA Urgent Care & Family Medicine
20-Year Absolute Net Lease | 2% Annual Rent Increases | 10.63% Blended Cap Rate
Marketing description
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Single Tenant Net Leased Medical Office Building (“The Property”) located in Florissant, MO, a major suburb within the St. Louis MSA.
The Property features a brand-new 20-year lease in a Sale-Leaseback structure with an extremely landlord-friendly lease. The lease is Absolute Net with zero landlord responsibilities, providing a truly passive investment with 2% annual rent increases driving continual income growth and a strong hedge against inflation. The annual rent increases create meaningful long-term NOI growth while providing investors with increasing cash flow throughout the initial lease term.
The lease is guaranteed by parent organizations American Medical Administrators, Inc. (“AMA”) and Reliant Care Management (“RCM”), an integrated healthcare organization that has operated continuously since 1994 and generates more than $350 million in annual revenue. The organization operates a diversified portfolio of physician practices, specialty medical clinics, ambulatory surgery centers, laboratory services, durable medical equipment operations, and healthcare management services throughout multiple states.
The Property is strategically located along West Florissant Avenue, the primary commercial corridor serving North St. Louis County. Positioned within one of the most densely populated suburban trade areas in the St. Louis metropolitan area, the Property serves as a mission-critical outpatient healthcare facility benefiting from strong insurance coverage, established patient demand, and long-term demographic drivers supporting continued healthcare utilization.
The Property is offered for sale at an 8.75% cap rate totaling $1,388,571.
Investment highlights
20-YEAR ABSOLUTE NET LEASE
- 20 Years Remaining On The Initial Term Of The Lease
- 8.75% Going-In Cap Rate Providing Immediate Day-One Cash Flow
- 2% Annual Rent Increases Providing Continual Income
GROWTH AND A STRONG HEDGE AGAINST INFLATION
- Absolute Net Lease Structure With Zero Landlord Responsibilities
- Ideal Passive Investment And 1031 Exchange Replacement Property
MISSION-CRITICAL MEDICAL OFFICE ASSET
- 100% Occupied Medical Clinical & Professional Office
- Home To An Established Outpatient Healthcare Practice Serving The Florissant Community
- Recession-Resistant Medical Asset Class With Proven Demand Durability Across Economic Cycles Purpose-Built Healthcare Facility With High Barriers To Entry And Significant Replacement Costs
INSTITUTIONAL QUALITY TENANT CREDIT
- Corporate Guarantee From American Medical Administrators, Inc. & Reliant Care Management
- Healthcare Organization Founded In 1994 With More Than 30 Years Of Operating History
- More Than $350 Million In Annual Revenue
- Multi-State Healthcare Platform Providing Investors With Long-Term Credit Stability And Bond-Like Income Characteristics
PRIME ST. LOUIS MSA LOCATION
- Situated Along West Florissant Avenue, The Primary Commercial Corridor Serving North St. Louis County
- Located Within One Of The Most Densely Populated Suburban Trade Areas In The Greater St. Louis Metropolitan Area
- Strong Insurance Coverage And Established Patient Base Supporting Long- Term Occupancy Stability
- Benefiting From Favorable Demographic Trends And Growing Demand For Primary Care And Outpatient Medical Services
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