Fresh Thyme Market
Upcoming 10% Rent Bump | 7.15% CAP ASK | St. Louis MSA
Marketing description
CBRE's Net Lease Property Group—Midwest is pleased to present qualified individuals with the opportunity to acquire 100% fee interest in a freestanding Fresh Thyme in Green Park, MO (the "Property"). The original fifteen-year lease has over six years of term remaining, with a healthy 10% rental increase in January 2028. Additionally, the lease features a 7% rental increase in the first option period, and 10% bumps in the remaining three, 5-year renewal options. The Lease is guaranteed by Lakes Venture LLC, the entity for all Fresh Thyme locations and a direct subsidiary of Meijer.
Fresh Thyme is ideally located with prime visibility along US-61, a major highway with over 15,400 vehicles passing daily. The site benefits from strong regional connectivity, positioned near the intersection of major highways including US-61 and I-255, providing easy access for both local and commuter traffic. The Property sits on South Lindbergh Boulevard, the area's main retail corridor, home to several national and local tenants. Just under two miles away is South County Center, a 979,368 square-foot mall that draws over 4.3 million annual visitors, featuring key tenants like Dillard's, JCPenney, and DICK's Sporting Goods. The surrounding five-mile radius has a population of 220,070, with an average household income of $113,000.
Fresh Thyme Farmers Market is a full-service, natural and specialty grocer offering a farmer's market concept with nutritious options at an affordable price and the convenience of a neighborhood store. Fresh Thyme's extensive produce department offers organic and local fruits and vegetables. Other products throughout the store include natural meat raised without hormones, seafood, hearty breads, delicious treats from local artisan bakeries, barrels of natural and organic bulk foods, earth-friendly cleaning supplies, and gluten-free and dairy-free options among many others. The company was founded in 2012 and has had substantial growth throughout the Midwest with approximately 70 stores across 10 states.
Investment highlights
- High-Volume Reported Sales
- Top-Performing Location
- Minimal Landlord Responsibilities
- Below Replacement Cost
- Exceptional Retail Corridor
- Unmatched Access & Visibility
- Dense, Affluent Customer Base
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