Current Use by Public Records
- Retail properties & Spaces
Property Details for 3740 Jefferson Ave St
- Year built
- 2000
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- United States
- State
- Missouri
- Longitude
- -90.2261
- Latitude
- 38.5866
