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803 Meyers Baker RdLondon, KY 40741
London Women's Care Medical Campus
Asset ClassHealthcare Facility
Square Feet: 47,446Occupancy: 100%Access Data Room
List Price: $10,000,000 | 8.23% Cap Rate
overview of deal

Overview

JDS Real Estate Services, Inc., in conjunction with Zeustra Healthcare Real Estate Advisors – Out-of-State Cooperating Broker, is pleased to present the exclusive opportunity to acquire 803 Meyers Baker Road in London, Kentucky—a premier healthcare campus consisting of two contiguous medical office buildings, together totaling 47,446 rentable square feet. Originally constructed for London Women’s Care (“LWC”) in 2002 and 2004, the campus is anchored by LWC, which occupies approximately 97% of the property under a modified gross lease structure with ±5.5 years of remaining term and 3% annual rent escalations. The balance of the property is leased to Thompson Drug, a well-established local pharmacy that complements the medical ecosystem.

 

The property has benefited from significant capital improvements, including a brand-new roof and recently resealed parking lot, reducing near-term capital expenditure requirements and enhancing long-term operational stability. With its strong occupancy profile and essential healthcare tenancy, the campus delivers durable, inflation-hedged cash flow with minimal landlord responsibilities.

 

London Women’s Care is a leading multi-specialty provider offering obstetrics, gynecology, pediatrics, dentistry, primary care, and behavioral health services to families across Southeastern Kentucky. The practice is certified as a Rural Health Clinic (RHC), ensuring enhanced Medicare and Medicaid reimbursement, and was acquired in 2018 by Women’s Care Enterprises, one of the largest women’s health platforms in the nation. In 2020, Women’s Care Enterprises, was acquired by global private equity firm BC Partners in a transaction valued near $900 million, underscoring the platform’s scale and financial strength. This deep institutional sponsorship provides investors with significant credit quality and long-term security.

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Investment Highlights

Institutional Ownership & Financial Strength

  • London Women’s Care acquired in 2018 by Women’s Care Enterprises, backed by private equity firm Lindsay Goldberg
  • BC Partners acquired Women’s Care Enterprises in 2020 for ~$900M, demonstrating platform scale and investor confidence
  • Women’s Care Enterprises employs 250+ physicians and 130 advanced providers, generating nearly 1 million annual patient visits
  • Institutional sponsorship from BC Partners (€145B+ portfolio revenues) enhances credit quality and long-term stability

Prime Location & Recent Capital Improvements

  • Located along the West 5 Street retail corridor with immediate access to Interstate 75
  • Proximity to CHI Saint Joseph Health – London, a 150+ bed regional hospital and major employer
  • Campus consists of two adjoining medical office buildings totaling 47,446 RSF, built for London Women’s Care in 2002 and 2004
  • Recent improvements include a brand-new roof and resealed parking lot, reducing near-term capital exposure

Mission-Critical Healthcare Tenancy

  • Anchored by London Women’s Care, occupying 97% of the campus with ±5.5 years of lease term remaining
  • 3% annual rent escalators under a modified gross lease structure provide inflationprotected income
  • Thompson Drug leases the remaining 3%, enhancing the property’s healthcare ecosystem
  • Designated as a Rural Health Clinic (RHC), ensuring enhanced Medicare/Medicaid reimbursement and revenue stability
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803 Meyers Baker RdLondon, KY 40741

Sales Team

Jennifer SteinListing Broker

License #: KY License: 237042

213.446.5366Jstein@jdsreservices.com
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Listing provided by Revere CRE