5301 & 5401 Veterans Memorial Parkway
Medical Portfolio | 7.50% CAP | 68,528 SqFt
Marketing description
Marcus & Millichap is pleased to present a fee simple opportunity for 5301 & 5401 Veterans Memorial property, a combined ±68,528-square-foot portfolio of two Class B office/medical buildings prominently located at 5301 and 5401 Veterans Memorial Parkway in St. Peters, Missouri. Strategically positioned along Interstate 70, the assets benefit from high daily traffic volumes, strong visibility, and immediate access to the region's most critical commercial corridors. The location offers excellent accessibility to Lambert-St. Louis International Airport and the growing St. Charles County healthcare and business districts.
5301 Veterans Memorial is a ±34,028-square-foot building currently 100% leased, anchored by a diverse roster of established tenants including St Louis County Oral Surgery, Washington University Clinics, Edward Jones, Simply Wurth It, Difilippo Insurance, and Arc of the Ozarks. The building features flexible suite layouts and is supported by 155 surface parking spaces, providing a strong parking ratio of 4.5 per 1,000 SF.
5401 Veterans Memorial is a ±34,500-square-foot building currently 83.12% leased, anchored by SSM Health Care, Advanced Podiatry, V Vasudevan LLC, and other medical tenants, with 5,676 SF of contiguous space available. The building is supported by 155 surface parking spaces, providing a parking ratio of 4.7 per 1,000 SF.
Both buildings have been maintained to a high institutional standard, offering modern infrastructure that accommodates a variety of medical and professional users. This portfolio represents a compelling opportunity to acquire well-positioned properties with strong in-place cash flow and institutional tenant quality.
Investment highlights
- Institutionally Maintained Asset - Built in 2006, the property has been well maintained with modern finishes and layouts ideal for both medical and professional office tenants.
- Strategic Medical Corridor Location - Situated directly along Veterans Memorial Parkway (I-70) in St. Peters, a fast-growing submarket in St. Charles County, with convenient access to major arterials and Lambert-St. Louis International Airport
- Strong Lease Metrics - Weighted average lease term (WALT) of 4.1 years and 91.56% combined occupancy with multiple long-term tenants in place, supporting stable, predictable income streams.
- High Visibility & Traffic - Excellent frontage and visibility along I-70, which sees average daily traffic of 100,000+ vehicles, promoting tenant exposure and accessibility.
- Established Cash Flow - Combined annual gross rent of $1,272,711 with base rents ranging from $17.21-$25.50/SF, supported by institutional and credit-worthy tenants.
- Diverse Tenant Mix - Anchored by St Louis County Oral Surgery, Washington University Clinics, SSM Health Care, Edward Jones, Difilippo Insurance, Arc of the Ozarks, and other established medical and professional tenants.
- Ample Parking - 310 combined surface spaces provide a strong parking ratio accommodating both medical and professional users' needs.
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