Listed by Bahn Realty Commercial Real Estate Services
$1,600,000
9070 W Florissant Ave
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 14,756
Net Rentable (SqFt) 5,000
Brand/Tenant Family Dollar
Price per SqFt $108
Acreage 1.450
Retail | 14,756 SqFt
Marketing description
- Sale Price: $1,600,000
- Price / SF: $108.47 / SF
- Lease Rate: $9.00 / SF NNN
- Building Size: 14,756 SF
- Available Space (vacant): 5,000 SF
- Lot Size: 1.45 Acres
- High Traffic Location: 25,000+ VPD along W. Florissant Ave
- Signalized Intersection Exposure: Located along W. Florissant Ave at Ferguson Ave, providing strong visibility, accessibility, and consistent traffic flow
- Excellent Site Functionality: Ample on-site parking, easy ingress/egress, and strong signage opportunities
- Strong Retail Synergy: Surrounded by national retailers including Schnuck’s, ALDI, Chase Bank, Wendy’s, Sonic, Burger King, and others
Investment highlights
- Value-add strip center
- 9070 W Florissant Ave offers the opportunity to acquire or lease space within a well-positioned retail strip center in North St. Louis County.
- The property is anchored by Family Dollar (66% of GLA) and features a 5,000 SF vacancy, allowing for multiple strategies:
- Investors: Benefit from in-place income with upside through lease-up
- Owner-Users: Occupy the available space while offsetting occupancy costs with existing rental income
- Tenants: Secure high-visibility retail space at competitive lease rates
- At a basis of $108.47/SF, the offering presents an attractive entry point for both investors and users.
- In-Place NOI: $104,466
- NNN Expenses: $4.52/SF
- Anchor Tenant: Family Dollar (national credit)
- Value-Add Opportunity: 5,000 SF available for lease
- Upside Potential: Stabilized returns projected at 10%+ CAP Rate
Listing Contacts
Listed by Bahn Realty Commercial Real Estate Services
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