Sav A Lot - Freestanding FOR SALE


Saint Louis, MO 63113
$4,805,000 USD
949-903-3399
Sav A Lot, Saint Louis, MO for Sale
$4,805,000 USD
Freestanding - FOR SALE
1/5
null | 6.55% Cap Rate

Sav A Lot
Saint Louis, MO 63113


HIGHLIGHTS

  • Newer Long Term 15 Yr. True NNN Corp. Lease (Fee) by Sav a Lot (Moran Foods) - Huge COVID Sales Growth
  • Rare 5% Rent Bumps Every 5 Years for Single Tenant Grocery Asset - 2019 Modern Prototype Bldg.
  • St. Louis MSA is 20th Largest in Nation along the Mississippi River - Huge Growth & Tourism (25M+)
  • Strong Lease Guarantee - Subsidiary Brand of Onex Capital (Private Equity Firm) - $39B+ in Assets
  • Hard Corner Neighborhood Location - Synergistic Demo’s and Huge Retail Demand - Zero LL Duties

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase fee simple, an absolute NNN leased investment occupied by Save-A-Lot grocer on a new 15 year lease just outside Downtown St. Louis, MO. This brand new 2019 construction, is located on a highly trafficked intersection seeing over 36,000 VPD, and is ideally positioned to take advantage of the dense residential infill surrounding the subject property as well as benefit from the areas high retail demand. This is an excellent opportunity to purchase a corporate signed absolute NNN lease, located just outside one of the largest cities in the U.S., surrounded by dense residential infill ideal for the tenant’s use, on a brand new 15 year lease with zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$4,805,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

True NNN Lease- Downtown St. Louis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,194 SF

ZONING

F

APN/PARCEL ID

380000-00220

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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