Current Use by Public Records
- Office Spaces
Property Details for 4201 State Hwy
- Year built
- 2016
- Lot size
- 0.96 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 5,025 square foot medical office building in Dardenne Prairie, Missouri. The property, located at 4201 State Hwy K, is situated on a 0.96-acre lot and boasts a prominent location with excellent visibility along Highway K (26,000 cars per day), a major retail corridor. The building, constructed in 2016, is currently occupied by Total Access Urgent Care under a single-tenant, NNN lease with 12 years remaining (expiring 10/31/2036). The lease features built-in rent bumps of 10% every five years, with the next increase scheduled for November 2026. The property generates a strong Net Operating Income (NOI) of $221,844, resulting in a 6.50% cap rate. This location benefits from its proximity to Progress West Hospital (less than one mile), Interstate-64 (less than one mile), and numerous national retailers including Schnucks, Cracker Barrel, and Walgreens. The surrounding area demonstrates significant growth, with a high average household income ($151,995 within a 1-mile radius) and a substantial population increase (80% growth within a 1-mile radius from 2010 to 2020). The property's APN is 3-157C-9947-00-003D.0000000. This is a rare opportunity to acquire a stable, high-performing medical office investment in a thriving market. The asking price is $3,415,000.
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
- O'Fallon
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.6984
- Latitude
- 38.7249
