4201 State HwyO'Fallon, MO 63368

For Sale
$3,415,000

High-growth area, 12-year lease, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 5,025 square foot medical office building in Dardenne Prairie, Missouri. The property, located at 4201 State Hwy K, is situated on a 0.96-acre lot and boasts a prominent location with excellent visibility along Highway K (26,000 cars per day), a major retail corridor. The building, constructed in 2016, is currently occupied by Total Access Urgent Care under a single-tenant, NNN lease with 12 years remaining (expiring 10/31/2036). The lease features built-in rent bumps of 10% every five years, with the next increase scheduled for November 2026. The property generates a strong Net Operating Income (NOI) of $221,844, resulting in a 6.50% cap rate. This location benefits from its proximity to Progress West Hospital (less than one mile), Interstate-64 (less than one mile), and numerous national retailers including Schnucks, Cracker Barrel, and Walgreens. The surrounding area demonstrates significant growth, with a high average household income ($151,995 within a 1-mile radius) and a substantial population increase (80% growth within a 1-mile radius from 2010 to 2020). The property's APN is 3-157C-9947-00-003D.0000000. This is a rare opportunity to acquire a stable, high-performing medical office investment in a thriving market. The asking price is $3,415,000.

Highlights

  • $3,415,000 asking price for a 5,025 square foot medical office building.
  • NNN lease with a single tenant, Total Access Urgent Care, for a remaining term of 12 years (expiring 10/31/2036).
  • 6.50% cap rate with a current NOI of $221,844.
  • Located on Highway K in Dardenne Prairie, MO, a high-traffic retail corridor with excellent visibility.
  • Strong demographics: high-growth area with affluent population and proximity to Progress West Hospital and other major retailers.
  • Convenient freeway access via Interstate-64.

Property Details for 4201 State Hwy

Property type
Other office properties, Medical offices
Year Built
2016
Lot Size (sq. ft)
41,818 SF

Location Insight

City
O'Fallon
County
St. Charles
State
Missouri
Latitude
38.724907552527
Longitude
-90.698436769877
4201 State Hwy, O'Fallon, Missouri

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4201 State Hwy
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