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    3740 Jefferson Ave St St. Louis, MO 63118

    Sponsored
    For Sale
    $1,350,000

    DaVita-Leased, Net Lease, High ROI

    Property size:
    5,057 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: a 5,057 square foot medical office building in St. Louis, Missouri, fully occupied by DaVita Dialysis under a Net Net lease with 5.5 years remaining. The property, built in 2000 and renovated in 2012, boasts a new 60-mil EPDM white rubber roof with a 20-year warranty. The lease features a 6.36% cap rate and a strong NOI of $85,816, with average rent per square foot at $16.97. Rent bumps are built in at 3.03% at year 14 (extension year 4) and 10% at each of the three, 5-year lease options. This presents a secure, long-term investment with limited landlord responsibilities. The property benefits from a corporate guarantee from DaVita Inc., a publicly traded company. The location is highly desirable, situated near South City Hospital (178 beds), and enjoys a strong demographic profile: a five-mile population of 251,599 with an average household income of $69,152. The asking price is $1,350,000, representing a price per square foot of $300.35. This is a rare opportunity to acquire a stable, high-performing medical office asset with significant upside potential. The address is 3740 S Jefferson Ave, St. Louis, MO 63118.

    Property Features for 3740 Jefferson Ave St

    General Information

    Property type
    Medical offices
    Square Feet
    5,057 SF

    Building Details

    Year Built/Renovated
    2000/2012

    HighLights

    • DaVita Dialysis recently extended its lease.
    • New 60‑mil EPDM white rubber roof with a 20‑year warranty.
    • 5.5 years remaining on a net‑net lease; limited landlord responsibilities.
    • 5‑mile population: 251,599.
    • 5‑mile average household income: $69,152.
    • Adjacent to South City Hospital (178 beds).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    St. Louis
    County
    United States
    State
    Missouri
    Longitude
    -90.226100914124
    Latitude
    38.586640716578

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    FAQs

    What type of property is this?
    Medical office - DaVita-Leased, Net Lease, High ROI
    Where is this medical office located?
    The property is located at 3740 Jefferson Ave St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: DaVita Dialysis recently extended its lease.; New 60-mil EPDM white rubber roof with a 20-year warranty.; 5.5 years remaining on a net-net lease; limited landlord responsibilities.
    Request Owner's contact information
    3740 Jefferson Ave St St. Louis, MO 63118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3740 Jefferson Ave St St. Louis, MO 63118
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