Description

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Marcus & Millichap is pleased to present for sale a single-tenant medical office building located in Shelbyville, Illinois. The newly constructed 7,080-square foot Shelbyville Medical Center is a state-of-the-art medical facility of Decatur Memorial Hospital. 

The subject property will feature a rare, brand new, corporate guaranteed 20-year triple-net (NNN) lease secured by Decatur Memorial Hospital, a 36-unit medical complex with a credit rating of A2 by Moodys. The lease features attractive six percent increases every three years following the first lease year and continuing through the four, five-year options. 

Decatur Memorial Hospital has been operating for over 100 years, and has been transformed from a one-building facility to a multi-facility medical complex with 36 satellite locations throughout central Illinois. The large, regional nonprofit, private hospital has recently seen tremendous growth. In 2013, its revenue was $272 million and increased over 200 percent to just under $1 billion in 2015.

The new Shelbyville Medical Center is the latest addition to Decatur Memorial Hospitals complex medical system. It will bring more access to quality healthcare for Shelby County by offering seven practices, as well as laboratory services, physical therapy, occupational therapy, computer tomography (CT), x-ray, 4D ultrasound, mammography, tomosynthesis, lung cancer screening, and other medical services provided by Decatur Memorial Hospital.