3721 Grand Blvd StSt. Louis, MO 63118
- Office properties
- 15,735 SF
Property Details for 3721 Grand Blvd St
- Year built
- 1992
- Lot size
- 1.27 AC
- Property size (Sq ft)
- 15,735 SF
- Property type
- Office properties
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a 15,735-square-foot, single-story medical office building situated on a 1.27-acre lot in St. Louis, Missouri. The property, built in 1992, is currently under a 25-year net lease with ChenMed, a leading healthcare tenant, with approximately 20.6 years remaining. The lease commenced July 1, 2020, and expires June 30, 2045, offering significant long-term stability. The lease includes four five-year renewal options, providing further investment security. Rent increases of 7.5% every five years offer a built-in hedge against inflation. The property boasts a strong net operating income (NOI) of $332,996, resulting in an attractive 7.25% cap rate. The asking price is $4,593,054. This strategically located asset is in a prime medical corridor, benefiting from significant healthcare investment and a high-traffic location within a key medical and retail area. The property's strong tenant, long-term lease, and built-in rent escalations make it an ideal addition to any diversified investment portfolio. The address is 3721 S Grand Blvd, St. Louis, MO 63118.
Location Insight
- City
- St. Louis
- County
- State
- Missouri
- Latitude
- 38.5897
- Longitude
- -90.2442
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].