Medical Office Sale Leaseback

916 Talon Drive, O’Fallon, IL
Deal Type:
Sale Leaseback
Price:
$3,000,000
Cap Rate:
6.80%
Current Rent:
$204,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year Options
Building Sq. Ft.:
12,000 SF
Site Size:
1.0 Acre

Investment Highlights

  • Long-term lease with annual rent increases
  • Well-maintained property with substantial investment by tenant in facility fit-out, equipment, and machinery, including a new C-Arm
  • Tenant invested approximately $900k in 2011 for a full gut renovation of the facility
  • Mission-critical location to the business, company has occupied this property since 1997
  • Property benefits from great visibility and frontage along W Highway 50 with daily traffic counts of over 25,000
  • Facility is in a very desirable location in the market nearby two new hospitals and proximate to I-64 with daily traffic counts of over 77,000

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Director
312 310 2798
Jonathan@stream-cp.com
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