Cap Rate
8.00%
Gross SQFT
19,918
Occupancy
89.96%
Leasable Area
19,918 SF
NOI
$412,002
Property Type
Shopping Centers
INVESTMENT HIGHLIGHTS
- Dual Grocery Shadow Anchored Strip Center – 5 Tenants | Heavily Trafficked Schnucks Shadow
- Immediate Value-Add Opportunity – 1 Vacant Unit – 2,000 SF | 89.96% Occupied
- Schnucks & Aldi Shadow Anchored – Significant Daily Traffic Drivers (2.8M Annual Visits Per Placer.ai) | Schnucks, Aldi, Goodwill, DaVita, Foot Locker, Hibbett, Chase, PNC, Wendy’s, Sonic & Burger King in Immediate Vicinity
- Schnucks Ranks in 89th Percentile (13/112) for – Most Heavily Trafficked Schnucks in the U.S.
per Placer.ai (1.1M+ Annual Visits) Schnucks Reports Strong Sales in Excess of $527 PSF | Market Dominant Grocer in St Louis MSA - Strong Tenant Sales – City Gear Sales Nearly $2.5M in 2024 | Subway Sales Over $650K (sub-8% occupancy cost) in 2024
- Densely Populated Infill Location – 255,000+ Residents In 5 Miles | High Barriers to Entry | Convenient Access to the I-70 and I-170 Interchange (220,000+ VPD Combined) Less Than 3 Miles Away
- Located Directly Next to Copeland’s Corporate HQ (Formerly Emerson’s Climate Technologies – now Blackstone Owned) Less Than 5 Miles From St Louis International
Airport (Nearly 16M Annual Air Passengers in 2024 – 7.1% Increase From 2023) - 8 Miles From Downtown St Louis – Daytime Population of ~220,000 within 5 miles | Home to 7 Fortune 500 Companies – Including Copeland (#206) | 15 Fortune 1000 Companies
- Excellent Visibility and Access – Main & Main Intersection in Submarket (32,000+ VPD Combined)
- Ease of Management – Minimal Daily Landlord Responsibilities Offered Free & Clear of Existing Financing
Broker of Record
- Kyle Matthews
- License No. 2022018843 (MO)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203