Overview

Description

SVN is pleased to propose the sale of Mercy Health located in St. Peters, Missouri. The fee simple investment opportunity is leased to St. John's Mercy Health Care which is backed by the Catholic Church institution. The tenant has been at the location since 2009 and recently completed an early five (5) year extension, which places their lease through June of 2029. The lease also boasts two percent (2%) annual increases. With an extensive operating history and a commitment to help each community they are located, this is an exceptional opportunity to own an incredible asset with a track record of success. This site offers a safe haven for investors in a tumultuous market where most asset classes outside of healthcare are challenged.

The Subject Property is located at 107 Piper Hill Drive in St. Peters, Missouri. Located just south of Interstate 70, the site is surrounded by dense residential and situated on a very strong retail corridor with a plethora of national retailers in the immediate vicinity including Costco, Mid Rivers Regional Mall (One Million Plus SF), Home Depot, Target, and Menard's. Not only does this location have excellent traffic exposure from the surrounding retail, it is also located within a block of two high schools (public and private) which also generates strong traffic past the property. St. Peters also boasts a quickly filling business park that spans over 4 million square feet of office, retail and warehouse space, and the city is actively developing its new Town Centre area — a “downtown” of sorts that will feature everything from hotels and apartments to retail, dining and an outdoor entertainment area.

Highlights

• Absolute NNN Lease
• Early Lease Extension
• Two Percent Annual Increases
• Excellent Credit Lessee
• Strong Location with Great Demographics
• Voted #22 Best Place to Live by Money.com

Documents

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