Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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