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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

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.
More about this property
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