3740 Jefferson Ave StSt. Louis, MO 63118

Property Details for 3740 Jefferson Ave St

Year built

2000

Property size (Sq ft)

5,057 SF

Property type

Retail properties

Property subtype

Office properties

Description

Exceptional investment opportunity: a 5,057 square foot medical office building in St. Louis, Missouri, fully occupied by DaVita Dialysis under a Net Net lease with 5.5 years remaining. The property, built in 2000 and renovated in 2012, boasts a new 60-mil EPDM white rubber roof with a 20-year warranty. The lease features a 6.36% cap rate and a strong NOI of $85,816, with average rent per square foot at $16.97. Rent bumps are built in at 3.03% at year 14 (extension year 4) and 10% at each of the three, 5-year lease options. This presents a secure, long-term investment with limited landlord responsibilities. The property benefits from a corporate guarantee from DaVita Inc., a publicly traded company. The location is highly desirable, situated near South City Hospital (178 beds), and enjoys a strong demographic profile: a five-mile population of 251,599 with an average household income of $69,152. The asking price is $1,350,000, representing a price per square foot of $300.35. This is a rare opportunity to acquire a stable, high-performing medical office asset with significant upside potential. The address is 3740 S Jefferson Ave, St. Louis, MO 63118.

Location Insight

City

St. Louis

County

United States

State

Missouri

Latitude

38.5866

Longitude

-90.2261

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