401 N Cedar St, Shelbyville, IL 62565

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Building Details:

• Year Built: 2016

401 N Cedar St is located in Shelbyville, IL.

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.