18333 Wings Corporate DrChesterfield, MO 63005

Property Details for 18333 Wings Corporate Dr

Year built

2009

Construction

TYPE NOT SPECIFIED

Lot size

1.31 AC

Property size (Sq ft)

16,819 SF

Zone code

105PI

Property type

Retail properties

Property subtype

Retail space

APN

17W-1-2-007-6

APU

17W120076

Description

This exceptional investment opportunity presents a single-tenant, Class A office building located at 18333-18341 Wings Corporate Drive, Chesterfield, MO 63005. The 9,960 square foot building, constructed in 2014, sits on a 2.91-acre lot and includes an adjacent 1.56-acre parcel. The property boasts a 10-year absolute NNN lease commencing January 1, 2025, and expiring December 31, 2034, with a 7.50% cap rate and a current NOI of $184,260. The lease features a corporate guarantee from a nationally recognized general contractor with a 40+ year history of success. Rent increases by 10% every five years, providing significant long-term value appreciation. The building is a single-story, tilt-up construction, offering low maintenance and operational costs. This sale-leaseback transaction offers a secure, passive income stream with minimal landlord responsibilities. The property's prime location in Chesterfield, Missouri, ensures strong tenant occupancy and future growth potential. Two lease options are included. This is a rare opportunity to acquire a high-quality, income-producing asset backed by a strong corporate tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $6,534,968

  6.5%

  $6,032,278

  7%

  $5,601,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,304,247

  Geo Method

  $3,304,247

• Alternative Use

  Use

  Valuation

  Residential

  $5,088,452

  Hospitality

  $4,660,995

  Educational

  $3,877,893

  Medical

  $4,011,260

  Retail

  $6,032,278

Location Insight

City

Chesterfield

County

St. Louis

State

Missouri

Latitude

38.6623

Longitude

-90.6697

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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