10895 W Florissant Ave - Freestanding FOR SALE


Saint Louis, MO 63136
$7,920,000 USD
510-289-1166
10895 W Florissant Ave, Saint Louis, MO for Sale
$7,920,000 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

10895 W Florissant Ave
Saint Louis, MO 63136


HIGHLIGHTS

  • New Ten-Year Corporate Leases to Publicly Traded, High Growth Retailers, Burlington & Five Below
  • Shadow-Anchored by Highest Sales PSF Walmart in the St. Louis MSA and Sam’s Club
  • Burlington (NYSE: BURL) is Rated Ba2 by Moody’s and BB+ by Standard & Poor’s
  • Five Below (NASDAQ: FIVE) Has a Market Capitalization of Over $7.69 Billion with Plans to Triple its Store Count by 2030
  • Over $65 Million in New Commercial Development in the Past Six Years and $30+ Million Planned or Under Construction Presently
  • Approximately 12 Miles from Downtown St. Louis and 5 Minutes from St. Louis Lambert International Airport

OVERVIEW

The subject property is part of the North County Festival Shopping Center, which serves as the gateway to Ferguson. It is situated in a prime location shadow-anchored by Walmart Supercenter, Sam’s Club and Planet Fitness at I-270 (120,000 AADT) and West Florissant Avenue (66,000 AADT) with excellent visibility and monument signage. The site benefits from robust demographics in an established suburb of St. Louis with a total daytime population of 215,831 within a 5 mile radius and an average household income of $60,966 within 3 miles of the site. A brand new EV Go electric vehicle charging station is currently being installed at the north end of the site. Furthermore, there is a value-add opportunity to develop an additional pad site idea for a coffee kiosk or ATM. Adjacent is St. Louis Community College – Florissant with a student body of 8,000, driving daytime foot traffic to the shopping center. There are many national retailers in the immediate vicinity including Harbor Freight, Shoe Carnival, McDonald’s, Starbucks, Wing Stop, Burger King, QuickTrip, Dollar Tree, Goodwill, and more. Additionally, North County Square Shopping Center features 11 retail, restaurant, and business outlets. The City of Ferguson, MO, Population 21,203, is part of the Greater St. Louis metropolitan area and is located in North St. Louis County just five minutes from St. Louis Lambert International Airport. North County’s outstanding location is minutes away from the major attractions of both Downtown St. Louis and St. Louis County, benefiting from convenient proximity to the business, cultural and entertainment centers. Ferguson is surrounded by three major highways: I-70, I-170, and I-270, each carrying more than 100,000 vehicles per day and is ideally located to commute to employment in downtown St. Louis or any of the many nearby commercial areas. This property is listed in conjunction with Missouri-licensed real estate broker Donna Maxwell of Kolb Properties.

FOR SALE DETAILS

PRICE

$7,920,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.47 AC

LAND SF

238,273 SF

ZONING

C2

APN/PARCEL ID

10H-64-0272

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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