733 Oakwood Dr Fenton, MO 63026-3535

Property Details for 733 Oakwood Dr

Year built

1990

Construction

FRAME

Lot size

0.36 lot acres

Property size

3,833 SF

Zone code

R2

Property type

Medical offices

Property subtype

Medical centers

APN

28O-4-2-044-2

APU

28O420442

Description

This exceptional investment opportunity presents a portfolio of four stabilized dental offices, totaling 14,640 square feet, currently 100% occupied by Elite Dental Partners under a gross lease. The portfolio boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $113,026. The current lease, commenced June 20, 2022, has a remaining term of 2.6 years and includes a 5% annual rent bump and options for lease extensions. The properties are strategically located across Missouri and Illinois, specifically in Fenton, St. Peters, and Ferguson, Missouri, and Dupo, Illinois. Each location benefits from its unique market position, offering diverse revenue streams and mitigating risk. The tenant, Elite Dental Partners, recently exercised a lease extension, demonstrating a long-term commitment to these locations. The asking price for this exceptional portfolio is $1,412,000, translating to a price per square foot of $96.45. This represents a compelling investment opportunity with significant potential for future growth and strong cash flow. The portfolio includes four individual buildings, each contributing to the overall profitability and stability of the investment. Detailed financial statements and lease agreements are available upon request. This is a rare opportunity to acquire a well-established, high-performing dental office portfolio with a proven track record of success.

Location Insight

City

Fenton

County

St. Louis

State

Missouri

Longitude

-90.4581

Latitude

38.5202

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments