1717 Madison Ave Washington, MO 63090

This 5,000 square foot medical office building in Washington, Missouri, presents a compelling investment opportunity. Located in a prime retail corridor between Walmart and Lowe's, this single-tenant property is leased to Total Access Urgent Care (TAUC), a leading urgent care provider in the Greater St. Louis area. The 20-year lease, with 13+ years remaining, includes 10% rent increases every five years, ensuring consistent income growth. The property boasts a strong financial performance, with a high unit-level sales history and attractive EBITDA to rent coverage. Significant capital investment in on-site medical equipment (x-ray, CT, ultrasound, lab, IV hydration) further enhances the value. The building sits on a 0.9-acre lot and was constructed in 2018. Its strategic location benefits from high traffic counts on nearby highways and proximity to the newly developed Phoenix Center II and numerous national and regional retailers. The property's Net Operating Income (NOI) is $217,367, resulting in a 6.65% cap rate, and the asking price is $3,270,000. The lease is a Triple Net (NNN) lease, commencing July 1, 2018, and expiring June 30, 2038. This investment offers a stable, high-performing asset with significant long-term potential. The property's APN is 10-7-26.0-2-003-119.000.