For Sale
$3,270,000
1717 Madison Ave Washington, MO 63090
High-performing urgent care center, strong lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Single-tenant, corporate-owned Total Access Urgent Care (TAUC) medical office building.
- 13+ years remaining on a 20-year lease with 10% rent increases every five years.
- Strong financial performance with high unit-level sales, a 6+ year operating history, and attractive EBITDA to rent coverage.
- Significant on-site medical equipment investment (x-ray, CT, ultrasound, lab, IV hydration).
- Prime Washington, MO location in the main retail corridor, between Walmart and a high-performing Lowe's.
- Proximity to the new Phoenix Center II (500,000+ sq ft) and numerous national/regional retailers.
Property Details for 1717 Madison Ave
- Property type
- Office properties, Medical offices
- Year Built
- 2018
- Lot Size (sq. ft)
- 39,204 SF
Location Insight
- City
- Washington
- County
- Franklin
- State
- Missouri
- Latitude
- 38.539629492793
- Longitude
- -91.004598538619
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-performing urgent care center, strong lease.
- Where is the office property located?
- The property is located at 1717 Madison Ave Washington, MO.
- What is the asking price?
- The asking price for this property is $3,270,000.
- What are key features of this property?
- This property features: Single-tenant, corporate-owned Total Access Urgent Care (TAUC) medical office building.; 13+ years remaining on a 20-year lease with 10% rent increases every five years.; Strong financial performance with high unit-level sales, a 6+ year operating history, and attractive EBITDA to rent coverage.
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