1215 Pearce BlvdWentzville, MO 63385

Property Details for 1215 Pearce Blvd

Year built

2024

Lot size

1.26 AC

Property size (Sq ft)

6,500 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Wentzville

County

St. Charles

State

Missouri

Latitude

38.8126

Longitude

-90.8791

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