2893 Veterans Memorial Pky - Freestanding FOR SALE


Saint Charles, MO 63303
$2,078,800 USD
818-907-9525
2893 Veterans Memorial Pky, Saint Charles, MO for Sale
$2,078,800 USD
Freestanding - FOR SALE
1/4
null | 6.5% Cap Rate

2893 Veterans Memorial Pky
Saint Charles, MO 63303


HIGHLIGHTS

  • PASSIVE NNN INVESTMENT: 6+ years remaining on a new corporate lease, with minimal landlord responsibilities and roof warranty in place until 2028
  • MAJOR PROPERTY RENOVATIONS: Recent 2023 tenant improvements include new windows, slab/foundation work, new unit heater, and more
  • STRATEGICALLY LOCATED RETAIL AREA: Well located outparcel to a highly trafficked Walmart Super Center and Sam’s Club anchored shopping center
  • RAPIDLY EXPANDING TENANT: Consumer Cellular has been consistently listed as one of America’s fastest growing private companies since 2007
  • DENSE AND AFFLUENT SUBURBAN NEIGHBORHOOD: St Charles is just 30 minutes outside of downtown St. Louis with strong demos

OVERVIEW

CONSUMER CELLULAR Founded in Portland, Oregon in 1995, Consumer Cellular is a top-rated wireless carrier providing affordable, no-contract cellphones and service plans primarily to the 50+ demographic. With a current subscriber base of over four million customers, the company utilizes the nation’s largest voice and data networks, reaching 99 percent of the U.S. population. Noted for providing a superb customer experience, Consumer Cellular has been ranked by J.D. Power as “#1 in Customer Service among Wireless Value MVNOs, 16 Times in a Row,” making Consumer Cellular the “Most Awarded Brand for Wireless Customer Support among Value MVNOs.” It has also been an AARP provider for over 15 years, offering AARP members exclusive discounts on monthly service. ST LOUIS MSA Known for its iconic Gateway Arch, the St. Louis metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8 million residents. St. Louis is highly ranked for its logistics infrastructure, bolstered by its central location and easy access to major waterways. It is a significant inland port. The region is emerging as a large financial services center, with seven Fortune 500 companies headquartered there: Centene Corp., Emerson Electric, Reinsurance Group of America, Jones Financial, Olin, Ameren and Graybar Electric. The metro is expected to see population growth over the next five years, supporting steady household formation with an approximate 20,400 additions. There are more than 40 colleges, universities and technical schools in the metro, enrolling around 200,000 students a year.

FOR SALE DETAILS

PRICE

$2,078,800 USD

PRICE/SF

$403 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Consumer Cellular - St Louis MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

C-2

APN/PARCEL ID

6-010D-6971-00-002C.0000000

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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