For Sale
$3,391,304

1215 Pearce Blvd Wentzville, MO 63385

Prime Medical Office, 15-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • $3,391,304 asking price for a 6,500 SF Class A medical office building.
  • 15-year absolute NNN lease with Heartland Veterinary Partners, a national operator with 250+ locations.
  • Located in Wentzville, MO's prime retail corridor, near major national retailers.
  • 10% rent bumps every 5 years, with 3 five-year lease options.
  • 100% occupancy with a strong corporate guarantee and $195,000 annual NOI, yielding a 5.75% cap rate.

Property Details for 1215 Pearce Blvd

Property type
Office properties, Medical offices
Square Feet
6,500 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Wentzville
County
St. Charles
State
Missouri
Latitude
38.812578
Longitude
-90.879135

FAQs

What type of property is this?
Office property - Prime Medical Office, 15-Year Lease
Where is the office property located?
The property is located at 1215 Pearce Blvd Wentzville, MO.
What is the asking price?
The asking price for this property is $3,391,304.
What are key features of this property?
This property features: $3,391,304 asking price for a 6,500 SF Class A medical office building.; 15-year absolute NNN lease with Heartland Veterinary Partners, a national operator with 250+ locations.; Located in Wentzville, MO's prime retail corridor, near major national retailers.
How can I contact the broker?
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1215 Pearce Blvd
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