11050 Saint Charles Rock Rd - Supermarket FOR SALE


Saint Ann, MO 63074
$2,537,000 USD
949-724-5552
11050 Saint Charles Rock Rd, Saint Ann, MO for Sale
$2,537,000 USD
Supermarket - FOR SALE
1/7
null | 5.4% Cap Rate

11050 Saint Charles Rock Rd
Saint Ann, MO 63074


HIGHLIGHTS

  • #1 Ranked Ruler Foods in the State
  • Below Market Rent of $7.61 PSF Annual Rent – Below Replacement Cost at $140 PSF
  • Corporate Guaranteed Lease by The Kroger Co. – Kroger (NYSE: KR) Market Cap Exceeding $44 Billion – Investment Grade Credit (S&P: BBB)
  • Recently Extended Lease with ~9.5% Rent Increases Every 5 Years – Over 10 Years of Successful Operation – Long-Term Occupancy & Proven Location
  • Adjacent to The Crossings at Northwest, a 122 Acre - $106 Million Mixed-Use Development with Over 400,000 SF Retail + 500,000 SF Office
  • 1.5 Miles from St. Louis Lambert International Airport (STL) – 15 Million Passengers Annually

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant net leased Ruler Foods in St Ann, MO (St. Louis MSA). Ruler Foods is a subsidiary of Kroger (NYSE: KR) which is the Nation’s largest grocer with nearly 2,800 stores in 35 states and has a market cap exceeding $44 billion. The tenant has recently extended the lease, exhibiting the strength and success of this location. There are 4.9 lease years remaining in the first option period with two additional 5-year option periods. At the commencement of the option periods, rent is increased by ~9.5% providing inflation resistant cash flows. The 18,000 SF building on 1.37-acre parcel is strategically located on the hard corner signalized intersection of St Charles Rock Road and Addie Road which has a combined traffic count exceeding 39,900 VPD and prospers from great visibility and ingress/egress. The subject property is positioned as an outparcel to Menard’s Home Improvement Store and is adjacent to The Crossing at Northwest, a 900,000 SF Mixed use commercial center. Additionally, St. Louis Lambert Internation, which sees over 15 million passengers annually, is within 1.5 miles from the subject property. Nearby retailers include The Home Depot, Menard’s, ALDI, Schnucks, Walgreen, Regions Bank, McDonald’s, Raising Cane’s, Starbucks, Jack in the Box, and more. This is a great opportunity to purchase a net leased grocery store backed by Kroger with long term occupancy, a corporate guaranty, multiple option periods and limited landlord responsibilities, creating internet resistant income for years to come.

FOR SALE DETAILS

PRICE

$2,537,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruler Foods - A Kroger Company

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

-

APN/PARCEL ID

12M-33-0315

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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