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    OFF-MARKET
    Medical Office Space

    1215 Pearce Blvd, Wentzville, MO 63385

    6,500 SF 1.26 ac lot Built 2024
    Individually Owned 1-yr Hold
    Property ID
    US48-1536200
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 6,500 square foot Class A medical office building in Wentzville, Missouri. Located at 1215 W Pearce Boulevard, this 2024-built property sits on a 1.26-acre lot within a thriving retail corridor, boasting proximity to major national retailers including Walmart, Sam's Club, Lowe's, Kohl's, Target, and Chick-fil-A. The property is 100% occupied by Heartland Veterinary Partners, a leading veterinary operator with over 250 locations nationwide, under a 15-year absolute triple-net (NNN) lease commencing January 6, 2024, and expiring January 1, 2039. This provides a hands-off investment with a substantial remaining lease term of 14.1 years. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The tenant has made significant self-funded tenant improvements, demonstrating a strong commitment to the location. The asking price is $3,391,304, representing a price per square foot of $521.74 and a 5.75% cap rate based on a net operating income (NOI) of $195,000. The tenant is backed by a corporate guarantee, further mitigating risk. Three five-year lease options are also included. This property offers a secure, passive income stream with significant long-term growth potential.

    Property profile
    Verified
    Property type Medical Office Space
    Year built 2024
    Total area 6,500 SF
    Lot 1.26 ac (54,886 SF)
    UPID US48-1536200
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    George A Rovey · 1 yrs held
    George A Rovey
    since 2024
    3 recorded transactions
    2024
    2022
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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