BioLife Plasma Services: St. Louis, MO
Retail | 7.75% CAP | 19,062 SqFt
Marketing description
Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.7 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).
Investment highlights
Strategic Location
Biolife is located adjacent to a Walmart Supercenter that has 1.8M visits per year, an Aldi with 408,000 visits per year, Cardinal Ritter Senior Services, and First Bank. Other users in the immediate vicinity include Sky Zone Trampoline Park, A1 U Store It, Quest Diagnostics, Caliber Collision and Courtland Manor Apartments (96 units).
Primary Retail & Commercial Corridor
BioLife is located within one of St. Louis’ primary retail and commercial corridors, with 7.6 MSF of retail, 3.5 MSF of office, 7.1 MSF of industrial and 10,703 multifamily units within a 3-mile radius. Mackenzie Pointe Plaza (211K+ SF) is just feet northeast from the site, and is home to tenants including The Edge Fitness Clubs, Dierbergs Markets, Sally Beauty, Petco, Hallmark, Davita Dialysis, USPS, Regions Bank, Taco Bell and McDonald’s.
Dynamic Demographics | Built-In Consumer Base
BioLife benefits from dynamic demographics, with a population of 127,077 and an average household income of $116,040 within a 3-mile radius of the site. Additionally, there are over 6,000 households within a 1-mile radius, presenting a substantial built-in consumer base.
Industry-Leading Biopharmaceutical Tenant
BioLife Plasma Services (“BioLife”) is a large, well established plasma collection operator that serves as a critical upstream supplier within the biopharmaceutical supply chain. Founded in 2002, the company operates one of the largest and most sophisticated plasma donation networks in the world, including 238 collection centers across the United States. BioLife specializes in collecting human plasma from healthy donors, which is subsequently processed into plasma derived therapies used to treat serious medical conditions such as hemophilia, immune deficiencies, shock, and severe burns.
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