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    1935 Prairie Dell Rd Union, MO 63084

    For Sale
    $3,031,000

    14,592 SF, NNN Lease, Excellent Tenant

    Property size:
    14,592 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 14,592 square foot Class A medical office building in Union, Missouri. Located at 1935 Prairie Dell Rd, this single-story building, constructed in 1998, sits on a 4-acre lot. The property is currently under an absolute NNN lease with Mercy Health Clinic, a tenant with excellent credit, extending through June 2029. The lease includes a favorable early extension and a 2% annual rent increase. The building benefits from a strong location within a thriving community, boasting over 300 local businesses in close proximity. Union, Missouri, a growing town with approximately 9,000 residents and over 300 businesses, offers a compelling combination of small-town charm and big-city opportunities. Its strategic location, just south of Interstate 70 and near Interstate 44, provides easy access to West St. Louis County. The area's robust demographics and the presence of East Central College further enhance the property's investment appeal. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly developing market. The asking price is $3,031,000, representing a price per square foot of $207.72. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.

    Property Features for 1935 Prairie Dell Rd

    General Information

    Property type
    Medical offices
    Square Feet
    14,592 SF
    Class
    A
    Lot Size
    174,240 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    HighLights

    • Triple‑net (NNN) lease; no landlord responsibilities.
    • Lease includes an early extension.
    • Rent increases 2% annually.
    • Excellent tenant credit.
    • Prime location in a strong demographic area.
    • Over 300 nearby businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Franklin
    State
    Missouri
    Longitude
    -90.97172596908
    Latitude
    38.429816212825

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    FAQs

    What type of property is this?
    Medical office - 14,592 SF, NNN Lease, Excellent Tenant
    Where is this medical office located?
    The property is located at 1935 Prairie Dell Rd Union, MO.
    What is the asking price?
    The asking price for this property is $3,031,000.
    What are key features of this property?
    This property features: Triple-net (NNN) lease; no landlord responsibilities.; Lease includes an early extension.; Rent increases 2% annually.
    Request Owner's contact information
    1935 Prairie Dell Rd Union, MO 63084
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    Union, MO 63084
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1935 Prairie Dell Rd Union, MO 63084
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