1 Grasso Plz - Drug Store FOR SALE


Affton, MO 63123
$4,724,400 USD
619-297-0055
1 Grasso Plz, Affton, MO for Sale
$4,724,400 USD
Drug Store - FOR SALE
1/3
null | 8.5% Cap Rate

1 Grasso Plz
Affton, MO 63123


HIGHLIGHTS

  • Walgreens reports above average sales of ±$3.76 million at this location.
  • There are over 264,000 residents within 5 miles, supporting an average household income of $94,000.
  • Lutheran High School is undergoing a $18 million renovation which includes adding a 622-seat performing arts theater.
  • Walgreens hours of operation for this location are from 8 A.M. until 12 A.M.
  • Walgreens is on an absolute net lease with no landlord responsibilities whatsoever.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 1 Grasso Plaza in Affton, Missouri ("The Property"). Walgreens has been operating at this location for 20 years and has over 4 and a half years of firm term remaining on an absolute net lease with no landlord responsibilities whatsoever. The Property is located 11 miles from downtown St. Louis and has over 264,000 residents within 5 miles, supporting an average household income of $94,000. The Property benefits from the strong customer base, operating as a midnight store and reporting above average sales. Outparceled to the Grasso Plaza, The Property is immediately surrounded by over 71,000 square feet of retail space, anchored by Saint Louis Bread, Dollar General and USPS. Adjacent to The Property, Lutheran High School is currently undergoing a $18 million renovation, adding a 39,000 square foot event center and performing arts theater. Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.

FOR SALE DETAILS

PRICE

$4,724,400 USD

PRICE/SF

$337 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C3

APN/PARCEL ID

26K-64-0466

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.