Affton Retail Center for Sale or Lease
This prime value-add opportunity features a recently renovated building with new electrical systems
Marketing description
This prime value-add opportunity features a recently renovated building with new electrical systems, HVAC, roof, plumbing, and parking lot. Currently 31% occupied with leases through 3/31/2029. Located at a signalized hard corner visible to over 20,000 cars daily. Situated in a densely populated area with 289,459 residents within a 5-mile radius, it's just a 25-minute drive from downtown St. Louis and St. Louis Lambert International Airport. The property also includes a stable NNN corporate lease with ACE Cash Express and benefits from an affluent demographic with an average household income exceeding $91,000 within the area.
Investment highlights
· Value Add Multi Tenant Retail Building for sale located on Gravois Rd. in Affton, MO.
· Currently 31% occupied with leases extending through 3/31/2029.
· Located at the signalized intersection of Gravois and S. Rock Hill Rd. with over 20,000 V.P.D.
· Building Recently renovated with new electrical, meters, panels, HVAC, roof, plumbing and parking lot.
· Situated in a densely populated St. Louis area with 289,459 residents within a 5-mile radius.
· ACE Cash express features a N.N.N. corporate lease with 10% rental increases every five years and multiple renewal options.
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