406 Hartman Ln, O'Fallon, IL 62269

This single-story, 3,246 square foot medical office building in O'Fallon, Illinois, presents a compelling investment opportunity. Built in 2003 and extensively renovated in 2021, the property boasts a 100% occupancy rate with a triple-net (NNN) lease to Hospital Sisters Health System (HSHS), a highly creditworthy tenant with an "AA-" S&P rating. The current lease, signed in April 2021, has four years remaining until April 25, 2028, with two five-year renewal options. The lease includes a 2% annual rent increase, ensuring consistent income growth. The building sits on a 0.91-acre lot and offers a strong 8.86% cap rate with a net operating income (NOI) of $106,333 and an asking price of $1,200,000 ($369.69/sq ft). Landlord responsibilities are limited to roof, structure, and HVAC replacement, minimizing operational burdens. Located in the rapidly growing St. Louis Metropolitan Statistical Area, this property offers a secure investment with significant long-term potential. The property's location in O'Fallon, IL, a community recognized with the 2022 Governor's Cup award, further enhances its desirability. This is a fee-simple ownership opportunity.