Plaza on the Boulevard
High Performance Grocery Anchored Center W/ Tenured Tenancy
Marketing description
Executive Summary:
CBRE, Inc. is pleased to exclusively offer for sale the fee simple interest in Plaza on the Boulevard, a 110,439 square foot Grocery Anchored center (the “Offering”). Developed in 2006, Plaza on the Boulevard is situated on 18.44 acres in St. Louis, Missouri (Top 23 MSA | Pop: 2.8 million). Currently 96.4% occupied, the offering provides an incoming investor with a tenant mix heavily weighted toward category leading national/regional retailers, WALT of 4.97-years, dominant grocer and tenured tenancy.
Plaza on the Boulevard is located in Jennings, MO which is a northern suburb of St. Louis. It is strategically positioned on the hard corner of W Florissant Ave and Lucas-Hunt Rd which carry a combined traffic count of 48,850 VPD. Additionally, the property sits directly across from Norwood Hills Country Club. The North County submarket includes approximately 6 million square feet of retail development currently 92% leased. The trade area is recognized for having a high residential density with a population of 93,501 and 39,602 households within a 3-mile radius. The property is anchored by Schnucks, a market dominant grocer in the St. Louis MSA with over 164-stores. Additionally, the tenants in the center feature exceptional traffic metrics (Placer AI).
Offering Summary
Plaza on the Boulevard is being offered “free and clear” of any debt without an asking price. Ownership anticipates that investors take into consideration the upside potential, tenured tenancy, recent leasing momentum and the property’s position within the trade area when evaluating the property.
Investment highlights
High Performance Retail - The success of any center is often defined by the performance metrics of its tenants and Plaza on Boulevard boasts exceptional performance metrics both in the subject offering and broader shopping center.
Subject Offering:
- Schnucks – ‘25 Sales: $619/SF | 2.80% HR | Placer AI National Chain Ranking Top 9%
- Hibbett Sports – ’24 Sales: $1,274.85/SF | 2.02% HR |Placer AI Chain Raking (Not Avail.)
- Foot Locker – ’24 Sales: $453/SF | 7.75% HR | Placer AI Chain Raking (Not Avail.)
- Rainbow – Doesn’t Report Sales | Placer AI National Chain Ranking Top 7%
- Athletico – Doesn’t Report Sales | Placer AI National Chain Raking Top 10%
Market Leading Grocer: Schnucks Home-Town Advantage
Founded in 1939 in St. louis, Schnucks operates over 164-stores across four states. The vast majority of Schnucks locations are situated in St Louis MSA (90+), where the grocer enjoys a dominant market share. According to Forbes (2025) Schnucks is recognized as the 185th largest privately owned company and the 13th largest privately owned grocer in the United States, with estimated revenue of approximately $3.2 billion.
Market Dominant Shopping Center –
Plaza on the Boulevard is the dominant market shopping center in its respective trade area. The shopping center experienced over 3M visitors in the trailing 12-months ranking it in the top 34% of all Community Centers nationally (PlacerAI). Developed in 2006 the center has always been the premiant location for nationally retailers, which comprise the vast majority of occupied gla throughout the center.
Durable Cash Flow
88% of the Offerings revenue is derived from category leading national retailers many of whom have strong performance metrics and operational track records extending beyond 10-years. Additionally, the Offering has limited near-term lease exposure with only 7.6% of revenue scheduled to expire over the next two years and a WALT of 4.97-Years.
Tenured Tenancy
Plaza on the Boulevard is predominantly occupied by tenants with proven operational track records. 74% of revenue within the Offering (excluding NAP’s) is derived from tenants with over 10-Years of tenure at the property.
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