Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a new construction single tenant net leased medical office buildings (“The Property”) located in Kennett, Missouri. The Property features a brand-new 20-year lease in a sale-Leaseback structure with an extremely landlord friendly lease. The lease is absolute net with zero landlord responsibilities providing a truly passive investment with 2 percent annual rent bumps driving continual income growth and a strong hedge against inflation. The rent bumps drive the blended cap rate over the 20-year lease to 10.33 percent creating compelling cash flows and an asset guaranteed to appreciate. The lease is guaranteed by parent organization American Medical Administrators, Inc (“AMA”), an integrated healthcare conglomerate with more than $31 million in revenue in 2023, and $39 million in projected revenue for 2024. American Medical Administrators, Inc currently has 29 clinics, pharmacies, and labs across the nation as well as remote patient monitoring and durable medical equipment sales. The Property is located in the heart of Kennett, Missouri with easy access to all residents and is situated in a medical desert with no competing medical buildings within a 20-mile radius. The 12,136-square-foot building was built in 1995 and operates as a multi-specialty hub with five separate suites providing a wide range of medical services. The services include primary care, interventional pain management, fully equipped laboratory, radiology suite, and a specialty suite. The Property is offered for sale at an 8.50 percent cap rate totaling $3,670,000.