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Single-Tenant Office Medical

Vet Stop Animal Hospital (CareVet) | St. Louis Metro | Long Term Lease | Extensive 2020 Renovation

7030 Mexico Rd, St. Peters (St. Louis MSA), MO 63376

Listing Price: $3,360,000

Cap Rate
6.25%
Tenant Name
CareVet
Years Remaining On Lease
14.5
Gross SF
10,084
Guarantor
Corporate Guarantee
Rentable SF
10,084
Price/Gross SF
$333.20
Lease Type
Double Net
Rent Per Square Feet
$20.83

Investment Overview

St. Peters is a city in St. Charles County, Missouri. Interstate 70 passes through the city, providing a major transportation link. In 2008, St. Peters was named the 60th best place to live by Money magazine, putting it at the top in the state of Missouri. It also ranked in Money magazine’s Top 100 in 2010, 2012 and 2017. The “Rec-Plex” in St. Peters recreation and fitness complex underwent an $18.5 million expansion in 2007. The city also hosts the county’s largest shopping center, Mid Rivers Mall. The St. Peters Rec-Plex, a 236,000 sq ft family recreation and athletic training complex, is situated next to St. Peters City Hall. The Rec-Plex hosted the 2004 Olympic Diving Trials and is recognized as one of the USA’s premier diving facilities. St. Peters is home to Barnes-Jewish St. Peters Hospital, the county’s second busiest after St. Joseph Health Center in St. Charles. Barnes-Jewish St. Peters Hospital serves a large portion of St. Charles County, Lincoln County, and Pike County; it is St. Charles County’s second largest hospital, with 175 rooms, and a satellite location of the Alvin J. Siteman Cancer Center.

Investment Highlights

  • Corporate Backed Long Term Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. 2020 Complete Interior Renovation.
  • Full-Service Animal Hospital with an Array of Medical and Grooming Services.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 62k Vehicles.
  • Near Mid Rivers Mall - St. Charles County's Largest Shopping Center featuring more than 140+ Stores, over 1 Million Sq.Ft. of Total Retail Floor Area and a 14-Screen Movie Theater.
  • Near Numerous National Retailers & Restaurants Including ALDI, CVS, Menards, Walgreens, Costco, Big Lots, Schnucks, Best Buy, Walmart and many more.
  • Recession and Covid-19 Resistant Concept. The Site is Located within the Dynamic Mid Rivers Trade Area that features a Regional Mall, Several Power Centers and a Significant New Retail Development.
  • Densely Populated and Affluent Area: Features an Average Household Income of $99k+ and over 174k People Residing within a 5-Mile Radius.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Single-Tenant Office Medical

Vet Stop Animal Hospital (CareVet) | St. Louis Metro | Long Term Lease | Extensive 2020 Renovation

Listing Price: $3,360,000

Cap Rate
6.25%
Tenant Name
CareVet
Years Remaining On Lease
14.5
Gross SF
10,084
Guarantor
Corporate Guarantee
Rentable SF
10,084
Price/Gross SF
$333.20
Lease Type
Double Net
Rent Per Square Feet
$20.83

Investment Highlights

  • Corporate Backed Long Term Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. 2020 Complete Interior Renovation.
  • Full-Service Animal Hospital with an Array of Medical and Grooming Services.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 62k Vehicles.
  • Near Mid Rivers Mall - St. Charles County's Largest Shopping Center featuring more than 140+ Stores, over 1 Million Sq.Ft. of Total Retail Floor Area and a 14-Screen Movie Theater.
  • Near Numerous National Retailers & Restaurants Including ALDI, CVS, Menards, Walgreens, Costco, Big Lots, Schnucks, Best Buy, Walmart and many more.
  • Recession and Covid-19 Resistant Concept. The Site is Located within the Dynamic Mid Rivers Trade Area that features a Regional Mall, Several Power Centers and a Significant New Retail Development.
  • Densely Populated and Affluent Area: Features an Average Household Income of $99k+ and over 174k People Residing within a 5-Mile Radius.

Investment Overview

St. Peters is a city in St. Charles County, Missouri. Interstate 70 passes through the city, providing a major transportation link. In 2008, St. Peters was named the 60th best place to live by Money magazine, putting it at the top in the state of Missouri. It also ranked in Money magazine’s Top 100 in 2010, 2012 and 2017. The “Rec-Plex” in St. Peters recreation and fitness complex underwent an $18.5 million expansion in 2007. The city also hosts the county’s largest shopping center, Mid Rivers Mall. The St. Peters Rec-Plex, a 236,000 sq ft family recreation and athletic training complex, is situated next to St. Peters City Hall. The Rec-Plex hosted the 2004 Olympic Diving Trials and is recognized as one of the USA’s premier diving facilities. St. Peters is home to Barnes-Jewish St. Peters Hospital, the county’s second busiest after St. Joseph Health Center in St. Charles. Barnes-Jewish St. Peters Hospital serves a large portion of St. Charles County, Lincoln County, and Pike County; it is St. Charles County’s second largest hospital, with 175 rooms, and a satellite location of the Alvin J. Siteman Cancer Center.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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