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Investment Highlights

  • Corporate Guarantee | Investment Grade Tenant (S&P: A+)
  • Recent Lease Extension | 11+ Year Operating History
  • Recent Capital Improvements | New Roof Installed 2020
  • Exceptionally Rare 4% Annual Rent Increases
  • Recession & E-Commerce Resistant Tenant | Essential Business
  • Nonprofit Stability

Executive Summary

HSHS Medical Group - Fairview Heights, IL | 4% Annual Rent Increases | Corporate Guarantee

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,080 SF
Building Class
B
Year Built/Renovated
1992/2002
Price
$1,743,273 CAD
Price Per SF
$343.16 CAD
Cap Rate
7.50%
NOI
$130,720 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.27 AC
Zoning
C-1 - Commercial
Parking
30 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
159’ on Ludwig Dr

Amenities

  • Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Tgi Friday's
Bob Evans
Olive Garden
Planet Fitness
Gloria Jean's Coffee
Heartland Bank & Trust Company
Regions Bank
Chase
Red Robin
Cheddar's Scratch Kitchen

Property Taxes

Property Taxes

Parcel Number
03-21.0-400-014
Land Assessment
$174,955 CAD
Improvements Assessment
$191,801 CAD
Total Assessment
$366,756 CAD
  • Listing ID: 34673864

  • Date on Market: 2025-01-31

  • Last Updated:

  • Address: 5 Ludwig Dr, Fairview Heights, IL 62208

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