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Property profile

1215 Pearce Blvd Wentzville, MO 63385

OFF-MARKET
Office Spaces
Property ID
US48-1536200
6,500 SF 1.26 ac lot Built 2024
Individually Owned 1-yr Hold

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 Office Spaces
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

Value estimations

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Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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