Mercy Health Clinic

Highlights

• Absolute NNN Lease
• Early Lease Extension
• Two Percent Annual Increases
• Excellent Credit Lessee
• Strong Location with Great Demographics
• Over 300 Local Businesses in Close Proximity

Description

SVN is pleased to propose the sale of Mercy Health located in Union, 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 in, 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 1935 Prairie Dell Rd, Union, 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 area. The city of Union is located less than 30 minutes from West St. Louis County, just off I-44 in the heart of Franklin County. Established in 1825 as the County Seat, Union enjoys a diverse landscape that includes new commercial developments and growing subdivisions mixed with rolling hills, farmer's fields and forest groves. During the last 20 years, this once sleepy, farmer's town in eastern Missouri has been steadily transforming itself into a strong bedroom community and an industrial hub for the region. Union has a growing population of 9,000 residents, and more than 300 businesses, and is home to East Central College with an enrollment of 3,500 students. In a nationwide survey released in 2001, Union was ranked "One of the Top 10 Best Small Towns in the United States" and was the only Missouri community on the entire list. With a progressive future just beginning to unfold, Union, Missouri definitely offers 'Small Town Charm with Big City Opportunities!'"

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